Blair William & Co. IL Sells 7,786 Shares of Target Corporation $TGT

Blair William & Co. IL lessened its holdings in Target Corporation (NYSE:TGT) by 12.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,108 shares of the retailer’s stock after selling 7,786 shares during the quarter. Blair William & Co. IL’s holdings in Target were worth $5,535,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TGT. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Target in the 2nd quarter valued at approximately $595,839,000. Pacer Advisors Inc. raised its position in shares of 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 acquiring an additional 3,065,035 shares during the period. Nuveen LLC acquired a new stake in shares of Target in the 1st quarter valued at approximately $186,361,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after acquiring an additional 1,406,653 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TGT. Guggenheim reiterated a “buy” rating and issued a $115.00 price target on shares of Target in a research report on Thursday, August 21st. Wedbush reiterated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Royal Bank Of Canada increased their price target on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Truist Financial cut their price target on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Finally, Bank of America reiterated an “underperform” rating and issued a $93.00 price target (down from $105.00) on shares of Target in a research report on Friday, August 15th. Nine investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $109.65.

Target Stock Performance

Shares of TGT stock opened at $85.79 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The company has a market capitalization of $38.98 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. The company’s 50 day moving average price is $94.48 and its two-hundred day moving average price is $96.82. Target Corporation has a 52 week low of $85.36 and a 52 week high of $161.50.

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

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid 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 5.3%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) 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.