Y Intercept Hong Kong Ltd acquired a new stake in shares of Target Corporation (NYSE:TGT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,898 shares of the retailer's stock, valued at approximately $407,000.
Several other institutional investors also recently made changes to their positions in TGT. Bernard Wealth Management Corp. purchased a new stake in Target during the 4th quarter worth $29,000. Legacy Investment Solutions LLC lifted its holdings in Target by 47.5% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after buying an additional 85 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Target in the 4th quarter worth $40,000. Atwood & Palmer Inc. lifted its holdings in Target by 951.4% in the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer's stock worth $41,000 after buying an additional 352 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in Target in the 1st quarter worth $43,000. 79.73% of the stock is owned by hedge funds and other institutional investors.
Target Price Performance
Shares of Target stock traded down $0.94 on Friday, hitting $99.56. The company had a trading volume of 2,045,708 shares, compared to its average volume of 6,980,624. The business has a 50-day simple moving average of $99.83 and a 200-day simple moving average of $107.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.25. The company has a market cap of $45.24 billion, a PE ratio of 10.94, a PEG ratio of 2.95 and a beta of 1.22. Target Corporation has a 52 week low of $87.35 and a 52 week high of $167.40.
Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.35). The company had revenue of $24.20 billion during the quarter, compared to the consensus estimate of $24.54 billion. Target had a net margin of 3.95% and a return on equity of 25.59%. The company's revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $2.03 earnings per share. Research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.
Target Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Investors of record on Wednesday, August 13th will be given 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 is 50.11%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Wells Fargo & Company cut their price objective on shares of Target from $135.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. DA Davidson cut their price objective on shares of Target from $140.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Bank of America lowered shares of Target from a "buy" rating to a "neutral" rating and cut their target price for the company from $145.00 to $105.00 in a research note on Thursday, May 22nd. Piper Sandler restated a "neutral" rating on shares of Target in a research note on Tuesday. Finally, Telsey Advisory Group set a $110.00 target price on shares of Target and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $115.65.
Get Our Latest Report on TGT
Insider Activity at Target
In related news, insider Brian C. Cornell sold 45,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the completion of the sale, the insider owned 246,453 shares in the company, valued at approximately $23,703,849.54. This represents a 15.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.16% of the company's stock.
Target Profile
(
Free Report)
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.
Featured Stories
Before you consider Target, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Target wasn't on the list.
While Target currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
