Cwm LLC Has $2.71 Million Stock Holdings in Target Corporation $TGT

Cwm LLC lessened its position in Target Corporation (NYSE:TGT) by 54.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,441 shares of the retailer’s stock after selling 33,249 shares during the quarter. Cwm LLC’s holdings in Target were worth $2,707,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Charles Schwab Investment Management Inc. raised 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 buying an additional 12,825,586 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Target in the 2nd quarter valued at approximately $595,839,000. Pacer Advisors Inc. increased its position in shares of Target by 1,364.3% during the 1st 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 last quarter. Nuveen LLC acquired a new position in shares of Target during the 1st quarter worth approximately $186,361,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $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.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. Truist Financial lowered their price target on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price target on shares of Target in a research report on Wednesday, August 20th. Loop Capital set a $95.00 price target on Target in a research report on Thursday, July 17th. Barclays reaffirmed an “underweight” rating and set a $91.00 price target on shares of Target in a research report on Monday, July 21st. Finally, Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Target in a research report on Thursday, August 21st. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $109.00.

Target Stock Up 0.8%

TGT stock opened at $90.79 on Friday. 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 firm has a market capitalization of $41.25 billion, a PE ratio of 10.58, a PEG ratio of 2.64 and a beta of 1.18. Target Corporation has a 1-year low of $85.36 and a 1-year high of $158.42. The business’s 50 day simple moving average is $93.07 and its 200 day simple moving average is $96.36.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company 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 $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.0%. Target’s dividend payout ratio is presently 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.