Vontobel Holding Ltd. Has $4.06 Million Stake in Target Corporation $TGT

Vontobel Holding Ltd. trimmed its position in shares of Target Corporation (NYSE:TGT) by 21.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 41,103 shares of the retailer’s stock after selling 11,042 shares during the period. Vontobel Holding Ltd.’s holdings in Target were worth $4,055,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TGT. Charles Schwab Investment Management Inc. increased its holdings in Target by 407.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after buying an additional 12,825,586 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Target in the second quarter valued at about $595,839,000. Pacer Advisors Inc. grew its stake in shares of Target by 1,364.3% in the first 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 in the last quarter. Nuveen LLC acquired a new position in shares of Target in the first quarter valued at about $186,361,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Target by 35.5% in the first 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 in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Down 3.7%

TGT opened at $85.79 on Friday. The company’s 50 day moving average is $94.48 and its 200-day moving average is $96.95. Target Corporation has a 1-year low of $85.36 and a 1-year high of $161.50. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The company has a market cap of $38.98 billion, a P/E ratio of 10.00, a PEG ratio of 2.58 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The company had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same period last year, the company posted $2.57 EPS. The firm’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. Equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is 53.15%.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research reports. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Bank of America reiterated an “underperform” rating and set a $93.00 price objective (down from $105.00) on shares of Target in a research note on Friday, August 15th. Loop Capital set a $95.00 price objective on shares of Target in a research note on Thursday, July 17th. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Wolfe Research began coverage on shares of Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $109.65.

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.