Paradigm Asset Management Co. LLC Has $1.30 Million Position in Target Corporation $TGT

Paradigm Asset Management Co. LLC raised its stake in Target Corporation (NYSE:TGT) by 2,673.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,175 shares of the retailer’s stock after acquiring an additional 12,700 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Target were worth $1,300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. increased its position in Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after acquiring an additional 102 shares during the period. Kozak & Associates Inc. increased its holdings in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares during the period. Investment Research & Advisory Group Inc. bought a new stake in shares of Target in the second quarter valued at approximately $29,000. Global Assets Advisory LLC bought a new position in shares of Target in the second quarter worth $31,000. Finally, WPG Advisers LLC acquired a new position in Target in the first quarter valued at about $32,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent analyst reports. Wall Street Zen upgraded Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price target on shares of Target in a research note on Wednesday, August 20th. Zacks Research lowered shares of Target from a “hold” rating to a “strong sell” rating in a report on Tuesday. Bank of America reiterated an “underperform” rating and set a $93.00 price target (down from $105.00) on shares of Target in a report on Friday, August 15th. Finally, Jefferies Financial Group decreased their target price on Target from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $109.00.

Target Stock Performance

TGT opened at $91.22 on Friday. Target Corporation has a 1-year low of $85.36 and a 1-year high of $158.42. The company has a market cap of $41.45 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.74 and a beta of 1.19. The company’s fifty day moving average price is $90.77 and its two-hundred day moving average price is $96.34. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

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 company had revenue of $24.99 billion for 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 was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is 53.15%.

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.