Raab & Moskowitz Asset Management LLC Cuts Stock Holdings in Target Corporation $TGT

Raab & Moskowitz Asset Management LLC trimmed its position in shares of Target Corporation (NYSE:TGT) by 10.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,116 shares of the retailer’s stock after selling 256 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Target were worth $221,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TGT. Charles Schwab Investment Management Inc. grew its stake in Target by 407.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after acquiring an additional 12,825,586 shares during the period. Pacer Advisors Inc. grew its stake in Target by 1,364.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock valued at $343,312,000 after acquiring an additional 3,065,035 shares during the period. Nuveen LLC acquired a new stake in Target in the 1st quarter valued at $186,361,000. Goldman Sachs Group Inc. grew its stake in Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after acquiring an additional 1,406,653 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Target by 572.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,223,965 shares of the retailer’s stock valued at $127,733,000 after acquiring an additional 1,042,047 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Target from $90.00 to $107.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. BMO Capital Markets lowered their target price on shares of Target from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Thursday, May 22nd. UBS Group lowered their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 21st. Wells Fargo & Company lowered their target price on shares of Target from $135.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. Finally, Morgan Stanley lowered their target price on shares of Target from $160.00 to $112.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $113.74.

Target Stock Up 0.5%

NYSE TGT opened at $93.14 on Monday. Target Corporation has a 52 week low of $87.35 and a 52 week high of $161.50. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $101.75 and its 200-day simple moving average is $101.00. The firm has a market cap of $42.32 billion, a PE ratio of 10.85, a P/E/G ratio of 2.69 and a beta of 1.16.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same quarter in the previous year, the firm earned $2.57 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Wednesday, August 13th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, August 13th. Target’s payout ratio is 53.15%.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.