Whittier Trust Co. of Nevada Inc. Has $1.23 Million Stock Position in Target Corporation $TGT

Whittier Trust Co. of Nevada Inc. decreased its stake in Target Corporation (NYSE:TGT) by 2.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,437 shares of the retailer’s stock after selling 378 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Target were worth $1,227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TGT. Brighton Jones LLC boosted its position 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 purchasing an additional 3,059 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Target by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 98,554 shares of the retailer’s stock valued at $10,285,000 after purchasing an additional 4,553 shares during the period. Continuum Advisory LLC boosted its position in shares of Target by 202.7% in the 1st quarter. Continuum Advisory LLC now owns 557 shares of the retailer’s stock valued at $58,000 after purchasing an additional 373 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Target by 8.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 191,220 shares of the retailer’s stock valued at $19,956,000 after purchasing an additional 14,319 shares during the period. Finally, Consolidated Portfolio Review Corp boosted its position in shares of Target by 172.9% in the 1st quarter. Consolidated Portfolio Review Corp now owns 6,053 shares of the retailer’s stock valued at $632,000 after purchasing an additional 3,835 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 0.4%

TGT opened at $94.04 on Thursday. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $158.42. The business has a 50-day moving average of $92.36 and a 200-day moving average of $96.31. 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 market capitalization of $42.73 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 2.75 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same period last year, the business earned $2.57 EPS. The firm’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. Equities research analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is 53.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TGT shares. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price objective on shares of Target in a research report on Wednesday, August 20th. Loop Capital set a $95.00 price objective on Target in a research report on Thursday, July 17th. Truist Financial decreased 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. Finally, Guggenheim restated a “buy” rating and set a $115.00 price objective on shares of Target in a research report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Target currently has an average rating of “Hold” and an average target price of $109.00.

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.