AlphaQuest LLC Acquires 18,086 Shares of Target Corporation $TGT

Key Points

• AlphaQuest LLC increased its holdings in Target Corporation by a staggering 1,808,600% in the first quarter, acquiring a total of 18,087 shares valued at approximately $1.88 million.
• Target's recent earnings report showed an EPS of $2.05, slightly exceeding the consensus estimate, despite a 0.9% decrease in revenue compared to last year.
• The company declared a quarterly dividend of $1.12, with a dividend yield of 4.5%, set to be paid on September 1st to shareholders of record by August 13th.

AlphaQuest LLC boosted its holdings in Target Corporation (NYSE:TGT - Free Report) by 1,808,600.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,087 shares of the retailer's stock after purchasing an additional 18,086 shares during the quarter. AlphaQuest LLC's holdings in Target were worth $1,888,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bontempo Ohly Capital Mgmt LLC grew its stake in Target by 0.3% during the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 28,668 shares of the retailer's stock valued at $3,875,000 after acquiring an additional 85 shares in the last quarter. Ancora Advisors LLC boosted its stake in Target by 0.9% during the fourth quarter. Ancora Advisors LLC now owns 10,369 shares of the retailer's stock valued at $1,402,000 after buying an additional 92 shares during the last quarter. Hayek Kallen Investment Management grew its holdings in Target by 0.7% during the 4th quarter. Hayek Kallen Investment Management now owns 13,278 shares of the retailer's stock valued at $1,795,000 after buying an additional 98 shares in the last quarter. Centaurus Financial Inc. raised its holdings in shares of Target by 2.7% during the 4th quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer's stock worth $514,000 after acquiring an additional 99 shares in the last quarter. Finally, Guardian Wealth Advisors LLC boosted its position in shares of Target by 2.6% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer's stock valued at $422,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 79.73% of the company's stock.

Target Trading Up 1.9%

TGT traded up $1.78 on Wednesday, reaching $97.89. 6,176,068 shares of the company traded hands, compared to its average volume of 7,142,313. The company has a market cap of $44.48 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 2.80 and a beta of 1.22. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a one year low of $87.35 and a one year high of $161.50. The firm has a fifty day simple moving average of $102.08 and a two-hundred day simple moving average of $103.13.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping 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 business had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same period last year, the company posted $2.57 earnings per share. 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 research analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th will be given a dividend of $1.12 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 4.6%. Target's dividend payout ratio is presently 53.15%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their price target on Target from $104.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Robert W. Baird set a $100.00 price objective on Target in a research note on Thursday, May 22nd. Barclays reissued an "underweight" rating and set a $91.00 target price on shares of Target in a research report on Monday, July 21st. Finally, Loop Capital set a $95.00 price objective on shares of Target in a research note on Thursday, July 17th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Target currently has a consensus rating of "Hold" and a consensus price target of $113.74.

About Target

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.