Target Corporation $TGT Shares Acquired by Bogart Wealth LLC

Bogart Wealth LLC increased its holdings in shares of Target Corporation (NYSE:TGT) by 8,222.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,734 shares of the retailer’s stock after purchasing an additional 77,788 shares during the quarter. Bogart Wealth LLC’s holdings in Target were worth $7,767,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares in the last quarter. Blue Trust Inc. lifted its position in Target by 3.1% in the first quarter. Blue Trust Inc. now owns 5,136 shares of the retailer’s stock valued at $536,000 after acquiring an additional 153 shares during the last quarter. PFG Investments LLC boosted its stake in Target by 19.7% in the first quarter. PFG Investments LLC now owns 12,558 shares of the retailer’s stock valued at $1,311,000 after acquiring an additional 2,067 shares in the last quarter. Praxis Investment Management Inc. boosted its stake in Target by 16.5% in the first quarter. Praxis Investment Management Inc. now owns 8,950 shares of the retailer’s stock valued at $934,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Intact Investment Management Inc. increased its position in shares of Target by 101.1% during the first quarter. Intact Investment Management Inc. now owns 36,598 shares of the retailer’s stock worth $3,819,000 after purchasing an additional 18,400 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

NYSE:TGT opened at $90.79 on Monday. 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 has a market cap of $41.25 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 2.64 and a beta of 1.18. The firm’s fifty day moving average price is $93.07 and its 200 day moving average price is $96.37. Target Corporation has a 1-year low of $85.36 and a 1-year high of $158.42.

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

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. This is an increase from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio is 53.15%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TGT shares. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. DA Davidson lowered their target price on shares of Target from $115.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. BTIG Research initiated coverage on shares of Target in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price target on shares of Target in a research note on Wednesday, August 20th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.00.

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.