Campbell & CO Investment Adviser LLC Makes New $1.40 Million Investment in Target Corporation $TGT

Key Points

• Campbell & CO Investment Adviser LLC has made a new investment of approximately $1.40 million in Target Corporation, purchasing 13,403 shares during the first quarter of the year.
• Analysts have mixed views on Target's stock, with most recent ratings indicating an average price target of $113.74 and a consensus rating of "Hold" from 10 analysts.
• Target announced a quarterly dividend of $1.12 per share, representing a 4.6% yield, to be paid on September 1st.

Campbell & CO Investment Adviser LLC purchased a new stake in Target Corporation (NYSE:TGT - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 13,403 shares of the retailer's stock, valued at approximately $1,399,000.

Several other large investors have also recently made changes to their positions in TGT. Bernard Wealth Management Corp. purchased a new position in Target in the fourth quarter valued at about $29,000. Heck Capital Advisors LLC bought a new stake in shares of Target in the 4th quarter valued at about $40,000. Bellwether Advisors LLC bought a new stake in shares of Target in the 4th quarter valued at about $47,000. Mascagni Wealth Management Inc. purchased a new position in shares of Target in the 4th quarter worth approximately $49,000. Finally, Atwood & Palmer Inc. raised its stake in shares of Target by 951.4% during the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer's stock worth $41,000 after acquiring an additional 352 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Bank of America restated an "underperform" rating and issued a $93.00 target price (down from $105.00) on shares of Target in a research note on Friday, August 15th. Truist Financial raised their price objective on Target from $90.00 to $107.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Guggenheim restated a "buy" rating and set a $115.00 target price on shares of Target in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on Target from $105.00 to $109.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Finally, Piper Sandler reissued a "neutral" rating on shares of Target in a report on Tuesday, July 29th. Ten research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $113.74.

Target Trading Down 2.2%

Shares of NYSE:TGT opened at $97.05 on Tuesday. 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 52-week low of $87.35 and a 52-week high of $161.84. The stock has a market cap of $44.10 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 2.86 and a beta of 1.22. The business has a 50-day moving average price of $102.06 and a 200-day moving average price of $103.18.

Target (NYSE:TGT - Get Free Report) last issued 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 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 quarter in the prior year, the company earned $2.57 EPS. Target's quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, August 13th. Target's dividend payout ratio (DPR) is 53.15%.

Insider Transactions at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the sale, the insider directly owned 246,453 shares of the company's stock, valued at approximately $23,703,849.54. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is owned by corporate insiders.

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.

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