Target Corporation $TGT Shares Bought by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC significantly increased its holdings in Target Corporation by 291.4% in the second quarter, owning 78,205 shares valued at approximately $7.7 million.
• Analyst ratings on Target stock show a consensus of "Hold," with an average price target of $109.71 and varying opinions from analysts, including a "buy" rating from Guggenheim with a target of $115.00.
• The company announced a quarterly dividend increase to $1.14 per share, with a pay date set for December 1, reflecting an annualized yield of 5.1%.

Valeo Financial Advisors LLC increased its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 291.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,205 shares of the retailer's stock after purchasing an additional 58,225 shares during the period. Valeo Financial Advisors LLC's holdings in Target were worth $7,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kozak & Associates Inc. raised its position in shares of Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer's stock worth $27,000 after acquiring an additional 253 shares during the period. Raleigh Capital Management Inc. boosted its stake in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer's stock worth $26,000 after purchasing an additional 102 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Target during the 2nd quarter valued at about $29,000. WPG Advisers LLC acquired a new position in Target during the first quarter worth $32,000. Finally, Global Assets Advisory LLC acquired a new position in Target in the second quarter valued at approximately $31,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TGT shares. Evercore ISI dropped their price objective on Target from $106.00 to $105.00 and set an "in-line" rating for the company in a research note on Tuesday, September 23rd. Loop Capital set a $95.00 price target on shares of Target in a research report on Thursday, July 17th. UBS Group decreased their price objective on Target from $135.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, August 21st. Royal Bank Of Canada boosted their price target on Target from $104.00 to $107.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Finally, Guggenheim reiterated a "buy" rating and issued a $115.00 price target on shares of Target in a research report on Thursday, August 21st. Nine analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $109.71.

Target Price Performance

Shares of TGT stock opened at $89.03 on Monday. 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 Corporation has a 1-year low of $86.30 and a 1-year high of $161.50. The firm has a fifty day moving average of $95.89 and a two-hundred day moving average of $97.43. The firm has a market cap of $40.46 billion, a P/E ratio of 10.38, a P/E/G ratio of 2.58 and a beta of 1.18.

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, beating 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 quarter in the prior year, the firm posted $2.57 earnings per share. Target's revenue for the quarter 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, research analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $1.14 dividend. This is an increase from Target's previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, November 12th. Target's dividend payout ratio is 53.15%.

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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