Target Corporation $TGT Shares Acquired by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Target Corporation by 102.4%, bringing its total investment to $755,000 with 7,230 shares as of the latest reporting period.
• Target recently reported earnings of $2.05 per share, exceeding expectations, with a total revenue of $24.99 billion for the quarter, despite a 0.9% decline from the previous year.
• The company announced a quarterly dividend of $1.12, providing stockholders with a yield of 4.5%, while its payout ratio currently stands at 50.11%.

Vestmark Advisory Solutions Inc. lifted its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 102.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,230 shares of the retailer's stock after purchasing an additional 3,658 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Target were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TGT. Brighton Jones LLC grew its holdings in shares of Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock worth $822,000 after purchasing an additional 3,059 shares during the period. Marshall Wace LLP lifted its stake in Target by 151.8% during the 4th quarter. Marshall Wace LLP now owns 67,216 shares of the retailer's stock worth $9,086,000 after acquiring an additional 40,519 shares in the last quarter. GeoWealth Management LLC lifted its stake in Target by 23.3% during the 4th quarter. GeoWealth Management LLC now owns 6,422 shares of the retailer's stock worth $868,000 after acquiring an additional 1,212 shares in the last quarter. Forum Financial Management LP lifted its stake in Target by 97.6% during the 4th quarter. Forum Financial Management LP now owns 5,939 shares of the retailer's stock worth $803,000 after acquiring an additional 2,933 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Target by 421.2% during the 4th quarter. First Trust Advisors LP now owns 621,051 shares of the retailer's stock worth $83,954,000 after acquiring an additional 501,898 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Target

In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $96.18, for a total value of $4,328,100.00. Following the transaction, the insider directly owned 246,453 shares in the company, valued at approximately $23,703,849.54. This trade represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TGT shares. Guggenheim reaffirmed a "buy" rating and issued a $115.00 price target on shares of Target in a research report on Thursday. Telsey Advisory Group restated a "market perform" rating and set a $110.00 target price on shares of Target in a research note on Wednesday. Loop Capital set a $95.00 price target on shares of Target in a research note on Thursday, July 17th. BMO Capital Markets dropped their price objective on shares of Target from $100.00 to $95.00 and set a "market perform" rating on the stock in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group reduced their price objective on shares of Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a report on Thursday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Target presently has a consensus rating of "Hold" and an average price target of $113.74.

Target Stock Performance

TGT stock traded up $2.1040 on Friday, hitting $99.1640. The company's stock had a trading volume of 10,356,932 shares, compared to its average volume of 7,127,395. The firm has a 50 day moving average of $101.99 and a two-hundred day moving average of $104.11. Target Corporation has a 1 year low of $87.35 and a 1 year high of $161.84. The stock has a market cap of $45.06 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. The company has a current ratio of 0.99, a quick ratio of 0.25 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS 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 in the prior year, the firm earned $2.57 EPS. Target'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 analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, August 13th. Target's dividend payout ratio (DPR) is 50.11%.

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.