Target Corporation $TGT Shares Purchased by Victrix Investment Advisors

Key Points

• Victrix Investment Advisors increased its stake in Target Corporation by 33%, owning 17,961 shares valued at $1.77 million as of the last quarter.
• Wall Street analysts have mixed ratings on Target, with an average rating of "Hold" and a target price of $110.48.
• Target declared a quarterly dividend of $1.14, reflecting a 5.1% dividend yield, which is an increase from the previous dividend of $1.12.

Victrix Investment Advisors boosted its position in Target Corporation (NYSE:TGT - Free Report) by 33.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,961 shares of the retailer's stock after buying an additional 4,459 shares during the quarter. Victrix Investment Advisors' holdings in Target were worth $1,772,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. lifted its holdings in Target by 48.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer's stock worth $8,786,000 after buying an additional 27,329 shares in the last quarter. DSG Capital Advisors LLC lifted its holdings in 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 lifted its holdings in 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 lifted its holdings in 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 acquired a new position in Target in the 1st quarter worth $4,623,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research analyst reports. Loop Capital set a $95.00 target price on shares of Target in a research report on Thursday, July 17th. Truist Financial boosted their target price on shares of Target from $90.00 to $107.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. UBS Group dropped their target price on shares of Target from $135.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, August 21st. Wall Street Zen raised shares of Target from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Jefferies Financial Group dropped their target price on shares of Target from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, August 20th. Nine equities 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $110.48.

Target Price Performance

NYSE TGT opened at $89.82 on Wednesday. Target Corporation has a 52 week low of $86.30 and a 52 week high of $161.50. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The stock has a market cap of $40.81 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16. The company has a 50-day moving average price of $96.93 and a two-hundred day moving average price of $97.80.

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 analysts' consensus estimates of $2.04 by $0.01. The company 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 business's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

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

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