Target Corporation $TGT Shares Acquired by Excalibur Management Corp

Excalibur Management Corp raised its position in Target Corporation (NYSE:TGT) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,256 shares of the retailer’s stock after purchasing an additional 595 shares during the quarter. Excalibur Management Corp’s holdings in Target were worth $716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TGT. Brighton Jones LLC lifted its position in shares of Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in Target by 5.3% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,832 shares of the retailer’s stock worth $1,130,000 after buying an additional 544 shares during the last quarter. Forza Wealth Management LLC increased its holdings in shares of Target by 5.3% in the 1st quarter. Forza Wealth Management LLC now owns 3,873 shares of the retailer’s stock valued at $404,000 after acquiring an additional 195 shares during the last quarter. Parr Mcknight Wealth Management Group LLC increased its holdings in shares of Target by 33.1% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 25,813 shares of the retailer’s stock valued at $2,694,000 after acquiring an additional 6,423 shares during the last quarter. Finally, Peoples Financial Services CORP. raised its position in shares of Target by 5.4% during the 1st quarter. Peoples Financial Services CORP. now owns 5,024 shares of the retailer’s stock worth $524,000 after acquiring an additional 257 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Down 2.9%

TGT opened at $89.28 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target Corporation has a 12 month low of $85.36 and a 12 month high of $158.42. The stock has a market capitalization of $40.57 billion, a P/E ratio of 10.41, a P/E/G ratio of 2.74 and a beta of 1.19. The business has a 50 day simple moving average of $90.87 and a 200-day simple moving average of $96.36.

Target (NYSE:TGT) last announced its quarterly 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. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter last year, the firm posted $2.57 EPS. The business’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business 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 $1.14 dividend. 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 is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is currently 53.15%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TGT shares. Piper Sandler restated a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Barclays restated an “underweight” rating and issued a $91.00 price objective on shares of Target in a research note on Monday, July 21st. Bank of America reaffirmed an “underperform” rating and set a $93.00 price objective (down previously from $105.00) on shares of Target in a report on Friday, August 15th. Truist Financial reduced their target price on Target from $102.00 to $83.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada raised their price target on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $109.00.

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.