Vanguard Personalized Indexing Management LLC Grows Stake in Target Corporation $TGT

Vanguard Personalized Indexing Management LLC boosted its position in Target Corporation (NYSE:TGT) by 19.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,951 shares of the retailer’s stock after purchasing an additional 9,309 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Target were worth $5,619,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TGT. Charles Schwab Investment Management Inc. increased its stake 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 purchasing an additional 12,825,586 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Target in the 2nd quarter valued at approximately $595,839,000. Pacer Advisors Inc. increased its stake in Target by 1,364.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock valued at $343,312,000 after purchasing an additional 3,065,035 shares in the last quarter. Nuveen LLC purchased a new position in Target during the first quarter worth $186,361,000. Finally, Goldman Sachs Group Inc. increased its position in Target by 35.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after buying an additional 1,406,653 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TGT. Piper Sandler reissued a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Wolfe Research began coverage on Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price target for the company. Citigroup raised their price target on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Finally, Truist Financial dropped their price target on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Nine analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $109.10.

Target Price Performance

Shares of Target stock opened at $87.29 on Tuesday. Target Corporation has a twelve month low of $85.36 and a twelve month high of $161.50. The stock has a market capitalization of $39.66 billion, a P/E ratio of 10.17, a PEG ratio of 2.48 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 business’s fifty day moving average price is $94.23 and its 200 day moving average price is $96.71.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter last year, the firm earned $2.57 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. 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 earnings per share for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a yield of 5.2%. Target’s payout ratio is 53.15%.

Target Company 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.