Curi RMB Capital LLC Has $9.24 Million Position in Target Corporation $TGT

Curi RMB Capital LLC lowered its position in Target Corporation (NYSE:TGT) by 19.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 88,538 shares of the retailer’s stock after selling 21,833 shares during the quarter. Curi RMB Capital LLC’s holdings in Target were worth $9,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. Brighton Jones LLC increased its stake in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of Target in the fourth quarter valued at approximately $1,298,000. Crestline Management LP acquired a new position in shares of Target in the fourth quarter valued at approximately $2,779,000. CoreCap Advisors LLC increased its stake in shares of Target by 3.9% in the fourth quarter. CoreCap Advisors LLC now owns 20,760 shares of the retailer’s stock valued at $2,806,000 after buying an additional 788 shares during the period. Finally, Colonial Trust Co SC increased its stake in shares of Target by 7.8% in the fourth quarter. Colonial Trust Co SC now owns 1,643 shares of the retailer’s stock valued at $222,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $92.66 on Friday. The company has a market cap of $42.10 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. Target Corporation has a 52 week low of $87.35 and a 52 week high of $161.50. 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 firm has a 50 day moving average of $101.87 and a 200-day moving average of $101.65.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.04 by $0.01. The company had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Wednesday, August 13th were given a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $4.48 annualized dividend and a dividend yield of 4.8%. Target’s dividend payout ratio (DPR) is 53.15%.

Analysts Set New Price Targets

TGT has been the subject of several recent research reports. Truist Financial upped their price objective on Target from $90.00 to $107.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Mizuho decreased their target price on shares of Target from $92.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of Target from $105.00 to $109.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Loop Capital set a $95.00 target price on shares of Target in a research report on Thursday, July 17th. Finally, Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.74.

Target 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.