Target Corporation $TGT Stock Position Increased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its position in Target Corporation (NYSE:TGT) by 291.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 78,205 shares of the retailer’s stock after buying an additional 58,225 shares during the period. Valeo Financial Advisors LLC’s holdings in Target were worth $7,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in 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 acquiring an additional 12,825,586 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Target in the second quarter worth $595,839,000. Goldman Sachs Group Inc. raised its stake in shares of Target by 35.5% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Target by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock worth $542,020,000 after purchasing an additional 370,967 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Target by 6.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock valued at $420,413,000 after buying an additional 229,670 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 0.5%

Shares of TGT stock opened at $89.03 on Monday. 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 12 month low of $86.30 and a 12 month high of $161.50. The business’s 50 day moving average is $95.89 and its two-hundred day moving average is $97.43. The company has a market cap of $40.46 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18.

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

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This is an increase 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 5.1%. Target’s dividend payout ratio (DPR) is currently 53.15%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research note on Saturday, September 27th. Jefferies Financial Group lowered their price target on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 price objective on shares of Target in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada lifted 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. Nine analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $109.71.

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.