Target Corporation $TGT Shares Bought by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its holdings in shares of Target Corporation (NYSE:TGT) by 6.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 366,820 shares of the retailer’s stock after buying an additional 21,691 shares during the period. Pzena Investment Management LLC’s holdings in Target were worth $36,187,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JNBA Financial Advisors lifted its stake in shares of Target by 3.0% in the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after purchasing an additional 96 shares during the period. Raleigh Capital Management Inc. raised its position in Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after acquiring an additional 102 shares during the last quarter. Guardian Wealth Advisors LLC raised its position in Target by 2.6% during the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after acquiring an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position in Target by 9.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock worth $126,000 after acquiring an additional 106 shares during the last quarter. Finally, Truvestments Capital LLC raised its position in Target by 21.4% during the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock worth $63,000 after acquiring an additional 107 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on TGT. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. 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 target price for the company. Wedbush restated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Royal Bank Of Canada lifted their target price on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Guggenheim restated a “buy” rating and set a $115.00 target price on shares of Target in a research report on Thursday, August 21st. Nine investment 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 company. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $109.65.

Target Stock Performance

Shares of NYSE TGT opened at $85.79 on Monday. The company has a market cap of $38.98 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. 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 company has a 50-day simple moving average of $94.48 and a 200-day simple moving average of $96.82.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. The business had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.3%. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target’s payout ratio is presently 53.15%.

Target 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.