Clarius Group LLC Has $540,000 Position in Target Corporation $TGT

Clarius Group LLC boosted its holdings in Target Corporation (NYSE:TGT) by 33.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,469 shares of the retailer’s stock after acquiring an additional 1,358 shares during the quarter. Clarius Group LLC’s holdings in Target were worth $540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. grew its position in Target by 48.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock valued at $8,786,000 after acquiring an additional 27,329 shares during the period. DSG Capital Advisors LLC lifted its holdings in shares of Target by 16.1% during the first quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock valued at $16,347,000 after acquiring an additional 21,726 shares during the period. Correct Capital Wealth Management boosted its stake in shares of Target by 44.7% in the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer’s stock valued at $1,415,000 after purchasing an additional 4,189 shares in the last quarter. PDT Partners LLC bought a new stake in shares of Target in the 1st quarter worth about $4,623,000. Finally, Precedent Wealth Partners LLC increased its position in shares of Target by 27.7% during the 2nd quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock worth $1,303,000 after purchasing an additional 2,869 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TGT shares. Citigroup boosted their price target on shares of Target from $94.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Royal Bank Of Canada boosted their target price on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price target on shares of Target in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research report on Saturday, September 27th. Finally, Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $109.71.

Target Stock Down 0.5%

NYSE TGT opened at $89.03 on Monday. The stock has a market capitalization of $40.46 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18. Target Corporation has a 52 week low of $86.30 and a 52 week high of $161.50. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The stock has a fifty day moving average of $95.89 and a 200-day moving average of $97.43.

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 the consensus estimate of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities research analysts forecast that Target Corporation will post 8.69 EPS for the current 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 paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.1%. 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 presently 53.15%.

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.