2,120 Shares in Target Corporation $TGT Acquired by Access Investment Management LLC

Access Investment Management LLC acquired a new stake in Target Corporation (NYSE:TGT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,120 shares of the retailer’s stock, valued at approximately $209,000.

Several other institutional investors have also modified their holdings of TGT. Charles Schwab Investment Management Inc. increased its holdings in Target by 407.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after buying an additional 12,825,586 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Target during the 2nd quarter worth about $595,839,000. Pacer Advisors Inc. increased its holdings in shares of Target by 1,364.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock valued at $343,312,000 after acquiring an additional 3,065,035 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Target during the 1st quarter worth about $186,361,000. Finally, Goldman Sachs Group Inc. lifted its stake in Target by 35.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after purchasing an additional 1,406,653 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup increased their price target on shares of Target from $94.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. UBS Group reduced their price target on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Evercore ISI dropped their price objective on Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $109.00.

Target Stock Performance

NYSE TGT opened at $92.92 on Monday. The firm has a market cap of $42.22 billion, a P/E ratio of 10.83, a P/E/G 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. The business’s 50-day moving average price is $91.37 and its 200 day moving average price is $96.48. 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 (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same period in the prior 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. On average, equities research analysts expect that Target Corporation will post 8.69 earnings per share 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 given a $1.14 dividend. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a yield of 4.9%. Target’s 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.