Target Corporation $TGT Shares Purchased by Yousif Capital Management LLC

Key Points

• Yousif Capital Management LLC increased its stake in Target Corporation by 3.5%, now owning 122,358 shares worth approximately $12.07 million.
• Target recently announced a quarterly dividend increase from $1.12 to $1.14, reflecting a 5.2% annual yield and a payout ratio of 53.15%.
• Target's stock is currently rated as "Hold" by analysts, with an average price target of $109.10 and a recent adjustment from Citigroup increasing their target to $100.00.

Yousif Capital Management LLC increased its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122,358 shares of the retailer's stock after purchasing an additional 4,110 shares during the period. Yousif Capital Management LLC's holdings in Target were worth $12,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Punch & Associates Investment Management Inc. raised 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 during the last quarter. DSG Capital Advisors LLC raised its position in shares of Target by 16.1% during the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer's stock worth $16,347,000 after purchasing an additional 21,726 shares during the last quarter. Precedent Wealth Partners LLC raised its position in shares of Target by 27.7% during the 2nd quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer's stock worth $1,303,000 after purchasing an additional 2,869 shares during the last quarter. Correct Capital Wealth Management raised its position in shares of Target by 44.7% during the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer's stock worth $1,415,000 after purchasing an additional 4,189 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Target during the 1st quarter worth about $4,623,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Trading Up 2.1%

NYSE TGT opened at $87.29 on Tuesday. Target Corporation has a 12 month low of $85.36 and a 12 month high of $161.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The firm's 50-day moving average is $94.23 and its two-hundred day moving average is $96.71. The stock has a market capitalization of $39.66 billion, a P/E ratio of 10.17, a PEG ratio of 2.48 and a beta of 1.18.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter last year, the firm earned $2.57 EPS. 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. On average, sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wolfe Research began coverage on shares of Target in a research report on Thursday, September 18th. They set an "underperform" rating and a $80.00 price target for the company. Citigroup increased their price objective on shares of Target from $94.00 to $100.00 and gave the company a "neutral" rating in a report on Friday, August 22nd. Loop Capital set a $95.00 price objective on shares of Target in a report on Thursday, July 17th. Barclays reiterated an "underweight" rating and issued a $91.00 price objective on shares of Target in a report on Monday, July 21st. Finally, Bank of America reiterated an "underperform" rating and issued a $93.00 price objective (down previously from $105.00) on shares of Target in a report on Friday, August 15th. Nine research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Target presently has an average rating of "Hold" and an average price target of $109.10.

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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