Metis Global Partners LLC Cuts Holdings in Target Corporation $TGT

Metis Global Partners LLC decreased its position in Target Corporation (NYSE:TGT) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,115 shares of the retailer’s stock after selling 2,135 shares during the period. Metis Global Partners LLC’s holdings in Target were worth $2,083,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in 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. Xponance Inc. raised its holdings in shares of Target by 0.6% in the 1st quarter. Xponance Inc. now owns 71,872 shares of the retailer’s stock worth $7,501,000 after purchasing an additional 425 shares during the period. Kathmere Capital Management LLC lifted its stake in Target by 13.7% in the first quarter. Kathmere Capital Management LLC now owns 2,889 shares of the retailer’s stock valued at $301,000 after purchasing an additional 348 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Target by 0.7% in the first quarter. New York State Common Retirement Fund now owns 583,897 shares of the retailer’s stock valued at $60,935,000 after buying an additional 4,100 shares during the period. Finally, Stephens Inc. AR lifted its position in shares of Target by 26.1% during the 1st quarter. Stephens Inc. AR now owns 74,062 shares of the retailer’s stock valued at $7,729,000 after buying an additional 15,337 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $91.22 on Monday. The stock’s 50-day simple moving average is $90.77 and its two-hundred day simple moving average is $96.39. Target Corporation has a twelve month low of $85.36 and a twelve month high of $158.42. The firm has a market capitalization of $41.45 billion, a P/E ratio of 10.63, a P/E/G ratio of 2.74 and a beta of 1.19. 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 issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.69 EPS 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 issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. 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 payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent research reports. Evercore ISI decreased their price objective on Target from $103.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, October 14th. DA Davidson reduced their target price on shares of Target from $115.00 to $108.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Wolfe Research began coverage on shares of Target in a research report on Thursday, September 18th. They issued an “underperform” rating and a $80.00 price target on the stock. Citigroup raised their price objective on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Finally, Loop Capital set a $95.00 target price on shares of Target in a report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.00.

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.