Resona Asset Management Co. Ltd. Has $14.74 Million Stock Holdings in Target Corporation $TGT

Resona Asset Management Co. Ltd. lowered its position in shares of Target Corporation (NYSE:TGT) by 7.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 164,793 shares of the retailer’s stock after selling 13,097 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Target were worth $14,744,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in 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 buying an additional 3,059 shares during the period. Woodline Partners LP increased its holdings in shares of Target by 39.9% in the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after acquiring an additional 11,047 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Target during the second quarter worth about $347,000. Patton Fund Management Inc. bought a new position in shares of Target during the 2nd quarter valued at about $225,000. Finally, Signaturefd LLC lifted its holdings in shares of Target by 3.6% during the 2nd quarter. Signaturefd LLC now owns 7,589 shares of the retailer’s stock valued at $749,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 1.4%

Target stock opened at $108.04 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target Corporation has a 1-year low of $83.44 and a 1-year high of $145.08. The company has a fifty day simple moving average of $97.63 and a 200 day simple moving average of $96.29. The company has a market cap of $48.92 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 11.76 and a beta of 1.12.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping 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 company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Research analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 annualized dividend and a dividend yield of 4.2%. Target’s payout ratio is 55.34%.

Analysts Set New Price Targets

TGT has been the subject of a number of research reports. Mizuho lowered their target price on Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. TD Cowen lowered their price objective on shares of Target from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, November 20th. Evercore ISI cut their price objective on shares of Target from $100.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 9th. Argus reduced their target price on shares of Target from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Finally, Royal Bank Of Canada lowered their target price on Target from $107.00 to $99.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Target presently has a consensus rating of “Hold” and an average target price of $103.03.

About Target

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.