Zullo Investment Group Inc. Has $682,000 Stock Position in Target Corporation $TGT

Zullo Investment Group Inc. decreased its position in shares of Target Corporation (NYSE:TGT) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,915 shares of the retailer’s stock after selling 281 shares during the period. Zullo Investment Group Inc.’s holdings in Target were worth $682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. lifted its position in shares of Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. lifted 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 buying an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target in the second quarter worth about $29,000. Global Assets Advisory LLC acquired a new stake in shares of Target in the second quarter worth about $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Target in the first quarter worth about $32,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TGT. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price objective on shares of Target in a research report on Wednesday, August 20th. Truist Financial cut their price objective on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Guggenheim reissued a “buy” rating and set a $115.00 price objective on shares of Target in a research report on Thursday, August 21st. Finally, Bank of America reissued an “underperform” rating and set a $93.00 price objective (down previously from $105.00) on shares of Target in a research 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $109.65.

Target Trading Down 3.7%

Shares of TGT opened at $85.79 on Friday. Target Corporation has a 12-month low of $85.36 and a 12-month high of $161.50. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $38.98 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 2.58 and a beta of 1.18. The stock’s 50-day moving average price is $94.48 and its 200 day moving average price is $96.95.

Target (NYSE:TGT) last released its quarterly earnings data 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 return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same period in the prior year, the company posted $2.57 EPS. The company’s revenue 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 predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The business also recently disclosed 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 is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.3%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio 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.