GAMMA Investing LLC Has $1.22 Million Stock Position in Target Corporation $TGT

Key Points

• GAMMA Investing LLC increased its shares in Target Corporation by 33.3% in the second quarter, owning a total of 12,360 shares worth $1.22 million at the end of the reporting period.
• Target has set its FY 2025 guidance at earnings per share between 7.000-9.000 EPS, while analysts expect an average EPS of 8.69 for the current fiscal year.
• The company recently announced a quarterly dividend of $1.14, reflecting an increase from the previous $1.12, with a current annualized yield of 5.2%.

GAMMA Investing LLC increased its position in shares of Target Corporation (NYSE:TGT - Free Report) by 33.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,360 shares of the retailer's stock after buying an additional 3,086 shares during the period. GAMMA Investing LLC's holdings in Target were worth $1,219,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Kozak & Associates Inc. boosted its holdings in Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer's stock valued at $27,000 after acquiring an additional 253 shares during the period. Bernard Wealth Management Corp. acquired a new position in shares of Target during the 4th quarter worth about $29,000. WPG Advisers LLC bought a new stake in Target during the 1st quarter valued at approximately $32,000. 1248 Management LLC acquired a new stake in Target in the 1st quarter valued at approximately $38,000. Finally, Heck Capital Advisors LLC bought a new position in Target in the 4th quarter worth approximately $40,000. Institutional investors own 79.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TGT shares. Wall Street Zen raised Target from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Piper Sandler reiterated a "neutral" rating on shares of Target in a research note on Tuesday, July 29th. Citigroup raised their price target on shares of Target from $94.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. Evercore ISI cut their price objective on shares of Target from $106.00 to $105.00 and set an "in-line" rating for the company in a research report on Tuesday. Finally, Bank of America reiterated an "underperform" rating and issued a $93.00 target price (down previously from $105.00) on shares of Target in a research note on Friday, August 15th. Nine analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Target presently has a consensus rating of "Hold" and a consensus price target of $110.48.

Target Price Performance

NYSE:TGT opened at $87.02 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The company has a 50-day moving average of $98.43 and a 200-day moving average of $98.51. Target Corporation has a 52 week low of $86.30 and a 52 week high of $161.50. The company has a market capitalization of $39.54 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 2.50 and a beta of 1.16.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts anticipate 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. Shareholders of record on Wednesday, November 12th will be given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 5.2%. This is a positive change from Target's previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target's dividend payout ratio (DPR) is currently 53.15%.

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.

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.