Lbp Am Sa Increases Position in Target Corporation $TGT

Lbp Am Sa increased its stake in shares of Target Corporation (NYSE:TGT) by 96.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,812 shares of the retailer’s stock after purchasing an additional 52,804 shares during the quarter. Lbp Am Sa’s holdings in Target were worth $9,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. WFA of San Diego LLC bought a new stake in shares of Target in the 2nd quarter valued at about $25,000. Raleigh Capital Management Inc. lifted its position in Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after acquiring an additional 102 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in Target in the third quarter valued at approximately $27,000. Investment Research & Advisory Group Inc. purchased a new position in Target in the second quarter worth $29,000. Finally, Global Assets Advisory LLC acquired a new position in shares of Target during the second quarter worth $31,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TGT shares. JPMorgan Chase & Co. dropped their target price on Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Truist Financial upped their price objective on shares of Target from $83.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, November 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 target price on shares of Target in a research note on Friday, November 14th. Guggenheim restated a “buy” rating and set a $115.00 price target on shares of Target in a research note on Monday, October 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 price target on shares of Target in a report on Thursday, December 18th. Ten analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.03.

Target Stock Down 3.7%

TGT stock opened at $104.10 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The firm’s fifty day simple moving average is $97.94 and its 200-day simple moving average is $96.28. Target Corporation has a 12 month low of $83.44 and a 12 month high of $145.08. The company has a market capitalization of $47.14 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 11.76 and a beta of 1.12.

Target (NYSE:TGT) last posted its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities research analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, February 11th. Target’s dividend payout ratio (DPR) is 55.34%.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.