North Star Investment Management Corp. cut its stake in Target Corporation (NYSE:TGT - Free Report) by 17.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,845 shares of the retailer's stock after selling 7,743 shares during the period. North Star Investment Management Corp.'s holdings in Target were worth $3,635,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in TGT. Kozak & Associates Inc. boosted its holdings in Target by 2,530.0% in 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 last quarter. WPG Advisers LLC bought a new stake in Target in the first quarter valued at approximately $32,000. 1248 Management LLC bought a new stake in Target in the first quarter valued at approximately $38,000. Heck Capital Advisors LLC bought a new stake in Target in the fourth quarter valued at approximately $40,000. Finally, Atwood & Palmer Inc. boosted its holdings in Target by 951.4% in the first quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer's stock valued at $41,000 after acquiring an additional 352 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.
Target Price Performance
Shares of TGT opened at $88.31 on Thursday. Target Corporation has a 12-month low of $86.30 and a 12-month high of $161.50. The business's fifty day moving average is $98.17 and its 200 day moving average is $98.43. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The stock has a market cap of $40.13 billion, a P/E ratio of 10.29, a P/E/G ratio of 2.51 and a beta of 1.16.
Target (NYSE:TGT - Get Free Report) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $24.84 billion. During the same period last year, the business earned $2.57 EPS. Target'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. Sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.
Target Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from Target's previous quarterly dividend of $1.12. Target's dividend payout ratio (DPR) is 53.15%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on TGT shares. Bank of America restated an "underperform" rating and set a $93.00 price target (down from $105.00) on shares of Target in a report on Friday, August 15th. Loop Capital set a $95.00 price target on Target in a report on Thursday, July 17th. Truist Financial increased their price target on Target from $90.00 to $107.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Zacks Research upgraded Target from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Piper Sandler restated a "neutral" rating on shares of Target in a report on Tuesday, July 29th. Nine research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $110.48.
Check Out Our Latest Analysis on TGT
Target Company Profile
(
Free Report)
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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