Target Corporation $TGT Position Boosted by Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its holdings in shares of Target Corporation (NYSE:TGT) by 12.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,975 shares of the retailer’s stock after purchasing an additional 987 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Target were worth $885,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Raleigh Capital Management Inc. boosted its position in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares in the last quarter. Kozak & Associates Inc. boosted its position in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new position in shares of Target during the 2nd quarter valued at about $29,000. Global Assets Advisory LLC acquired a new position in shares of Target in the second quarter worth about $31,000. Finally, WPG Advisers LLC acquired a new position in shares of Target in the first quarter worth about $32,000. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

NYSE TGT opened at $94.34 on Monday. The company has a 50 day simple moving average of $91.98 and a 200-day simple moving average of $96.40. 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 capitalization of $42.87 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. Target Corporation has a 52-week low of $85.36 and a 52-week high of $158.42.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (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 analyst estimates of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Evercore ISI decreased their target price on shares of Target from $103.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, October 14th. BTIG Research assumed coverage on shares of Target in a report on Tuesday, October 14th. They issued a “neutral” rating for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a report on Friday. Finally, Citigroup raised their target price on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.