Chiron Capital Management LLC Makes New $257,000 Investment in Target Corporation $TGT

Chiron Capital Management LLC bought a new stake in Target Corporation (NYSE:TGT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,610 shares of the retailer’s stock, valued at approximately $257,000.

Several other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its stake in Target by 407.8% during 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 in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Target in the second quarter valued at about $595,839,000. Pacer Advisors Inc. raised its holdings 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 purchasing an additional 3,065,035 shares during the last quarter. Nuveen LLC bought a new position in shares of Target during the first quarter valued at about $186,361,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Target by 35.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after purchasing an additional 1,406,653 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on TGT shares. Evercore ISI decreased their price objective on shares of Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Cowen reaffirmed a “hold” rating on shares of Target in a report on Monday, November 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price target on shares of Target in a report on Friday. Guggenheim reissued a “buy” rating and issued a $115.00 price objective on shares of Target in a research report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and an average target price of $108.71.

Target Stock Performance

NYSE:TGT opened at $89.96 on Monday. The company has a market capitalization of $40.88 billion, a P/E ratio of 10.49, a P/E/G ratio of 2.74 and a beta of 1.19. The business has a fifty day simple moving average of $90.54 and a two-hundred day simple moving average of $96.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share 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 company had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the prior year, the company earned $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. On average, analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.1%. Target’s dividend 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.