Target Corporation $TGT Shares Bought by Albion Financial Group UT

Key Points

• Albion Financial Group UT increased its stake in Target Corporation by 17.7% during the 2nd quarter, holding 35,693 shares valued at approximately $3.52 million.
• The company declared a quarterly dividend of $1.14, up from $1.12, with a yield of 5.2%, to be paid on December 1st.
• Target's Q2 earnings per share were $2.05, slightly above estimates, while its revenue was reported at $24.99 billion, representing a 0.9% decline year-over-year.

Albion Financial Group UT raised its position in Target Corporation (NYSE:TGT - Free Report) by 17.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,693 shares of the retailer's stock after buying an additional 5,359 shares during the quarter. Albion Financial Group UT's holdings in Target were worth $3,521,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Punch & Associates Investment Management Inc. boosted its position in shares of Target by 48.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer's stock worth $8,786,000 after purchasing an additional 27,329 shares in the last quarter. DSG Capital Advisors LLC boosted its position in shares of Target by 16.1% in the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock worth $16,347,000 after buying an additional 21,726 shares in the last quarter. Viking Fund Management LLC boosted its position in shares of Target by 20.0% in the 1st quarter. Viking Fund Management LLC now owns 60,000 shares of the retailer's stock worth $6,262,000 after buying an additional 10,000 shares in the last quarter. Correct Capital Wealth Management boosted its position in shares of Target by 44.7% in the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer's stock worth $1,415,000 after buying an additional 4,189 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in shares of Target in the 1st quarter worth about $4,623,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT opened at $88.04 on Monday. The business's fifty day moving average price is $97.53 and its 200 day moving average price is $97.97. Target Corporation has a 12-month low of $86.30 and a 12-month high of $161.50. The stock has a market capitalization of $40.01 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 2.53 and a beta of 1.16. 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 (NYSE:TGT - Get Free Report) last announced its quarterly earnings data 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. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm 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 posted $2.57 earnings per share. The firm's revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities research analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently announced 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 is a boost from Target's previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, November 12th. Target's dividend payout ratio is 53.15%.

Analyst Upgrades and Downgrades

TGT has been the topic of several recent research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $110.00 price objective on shares of Target in a research report on Wednesday, August 20th. Piper Sandler restated a "neutral" rating on shares of Target in a report on Tuesday, July 29th. Wall Street Zen raised shares of Target from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Loop Capital set a $95.00 price objective on shares of Target in a research note on Thursday, July 17th. Finally, Evercore ISI dropped 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 note on Tuesday, September 23rd. Nine research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Target currently has an average rating of "Hold" and a consensus price target of $110.48.

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.

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