Target Corporation $TGT Shares Acquired by Vest Financial LLC

Vest Financial LLC lifted its position in Target Corporation (NYSE:TGT) by 49.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 584,572 shares of the retailer’s stock after buying an additional 193,474 shares during the quarter. Vest Financial LLC’s holdings in Target were worth $57,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. Charles Schwab Investment Management Inc. raised its holdings in shares of Target by 407.8% in the 1st 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 period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Target in the 2nd quarter valued at $595,839,000. Pacer Advisors Inc. raised 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 buying an additional 3,065,035 shares during the period. Nuveen LLC purchased a new stake in shares of Target in the 1st quarter valued at $186,361,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after buying an additional 1,406,653 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Down 3.7%

Shares of NYSE TGT opened at $85.79 on Monday. The stock has a market cap of $38.98 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. 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 52-week low of $85.36 and a 52-week high of $161.50. The business has a 50-day moving average price of $94.48 and a 200 day moving average price of $96.82.

Target (NYSE:TGT) last announced its 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 analysts’ expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities research analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The company also recently announced 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 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 5.3%. Target’s payout ratio is currently 53.15%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TGT shares. Evercore ISI cut their price objective on Target from $105.00 to $103.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. UBS Group cut their price objective on Target from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Guggenheim restated a “buy” rating and set a $115.00 price target on shares of Target in a report on Thursday, August 21st. Barclays restated an “underweight” rating and set a $91.00 price target on shares of Target in a report on Monday, July 21st. Finally, Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Nine research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $109.65.

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.