1,749 Shares in Target Corporation $TGT Purchased by Traub Capital Management LLC

Traub Capital Management LLC bought a new position in shares of Target Corporation (NYSE:TGT) during the second quarter, HoldingsChannel reports. The firm bought 1,749 shares of the retailer’s stock, valued at approximately $173,000.

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

Target Stock Performance

Shares of NYSE TGT opened at $85.94 on Thursday. Target Corporation has a 52-week low of $85.30 and a 52-week high of $145.08. The stock has a market capitalization of $39.05 billion, a price-to-earnings ratio of 10.02, a PEG 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. The stock’s fifty day simple moving average is $90.34 and its 200 day simple moving average is $96.02.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $25.28 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, sell-side analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. 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. This represents a $4.56 annualized dividend and a yield of 5.3%. Target’s payout ratio is presently 53.15%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TGT. Truist Financial decreased their target price on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Piper Sandler reiterated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Guggenheim restated a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Monday, October 27th. Finally, BTIG Research assumed coverage on Target in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $106.45.

Target Company 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.