Target Corporation $TGT Position Reduced by Nicholas Company Inc.

Nicholas Company Inc. trimmed its stake in shares of Target Corporation (NYSE:TGT) by 22.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,876 shares of the retailer’s stock after selling 14,035 shares during the quarter. Nicholas Company Inc.’s holdings in Target were worth $4,723,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TGT. Raleigh Capital Management Inc. boosted its stake in 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 acquiring an additional 102 shares during the last quarter. Kozak & Associates Inc. boosted its stake in 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 acquiring an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new position in Target during the 2nd quarter valued at $29,000. Global Assets Advisory LLC bought a new position in shares of Target in the 2nd quarter worth about $31,000. Finally, WPG Advisers LLC bought a new position in shares of Target in the 1st quarter worth about $32,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TGT shares. Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Target in a research report on Monday, October 27th. Citigroup raised their price target on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. BTIG Research started coverage on shares of Target in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Finally, Wedbush restated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $109.00.

Target Stock Down 0.0%

TGT stock opened at $92.92 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $158.42. The firm’s 50-day simple moving average is $91.37 and its 200 day simple moving average is $96.43. The stock has a market cap of $42.22 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter last year, the company earned $2.57 EPS. The company’s revenue for the quarter 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, sell-side analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.9%. Target’s dividend payout ratio is 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.