Target Corporation $TGT Stock Holdings Boosted by DMKC Advisory Services LLC

DMKC Advisory Services LLC increased its position in shares of Target Corporation (NYSE:TGT) by 53.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,466 shares of the retailer’s stock after acquiring an additional 5,770 shares during the period. DMKC Advisory Services LLC’s holdings in Target were worth $1,707,000 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 company. Charles Schwab Investment Management Inc. lifted its position in shares of Target by 407.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after purchasing an additional 12,825,586 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Target in the second quarter worth $595,839,000. Pacer Advisors Inc. boosted its position in Target by 1,364.3% during the first quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock worth $343,312,000 after purchasing an additional 3,065,035 shares during the period. Nuveen LLC bought a new stake in shares of Target during the 1st quarter worth $186,361,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Target by 35.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after purchasing an additional 1,406,653 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group cut their target price on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Target in a research note on Thursday, August 21st. Evercore ISI lowered their target price on Target from $106.00 to $105.00 and set an “in-line” rating for the company in a research note on Tuesday, September 23rd. Finally, Wedbush restated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $110.48.

Target Stock Performance

Shares of Target stock opened at $89.20 on Thursday. The company has a market capitalization of $40.53 billion, a PE ratio of 10.40, a PEG ratio of 2.59 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $96.56 and its 200 day simple moving average is $97.74. Target Corporation has a 12 month low of $86.30 and a 12 month high of $161.50.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share 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 analysts’ expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.Target’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is currently 53.15%.

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.