Target Corporation $TGT Shares Acquired by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lifted its holdings in Target Corporation (NYSE:TGT) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,066 shares of the retailer’s stock after purchasing an additional 880 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Target were worth $4,051,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after acquiring an additional 3,059 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Target by 4.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 98,554 shares of the retailer’s stock worth $10,285,000 after purchasing an additional 4,553 shares in the last quarter. Continuum Advisory LLC grew its position in Target by 202.7% during the 1st quarter. Continuum Advisory LLC now owns 557 shares of the retailer’s stock worth $58,000 after purchasing an additional 373 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Target by 8.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 191,220 shares of the retailer’s stock worth $19,956,000 after purchasing an additional 14,319 shares during the last quarter. Finally, Consolidated Portfolio Review Corp increased its stake in Target by 172.9% during the 1st quarter. Consolidated Portfolio Review Corp now owns 6,053 shares of the retailer’s stock valued at $632,000 after purchasing an additional 3,835 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

NYSE:TGT opened at $94.04 on Thursday. Target Corporation has a 12 month low of $85.36 and a 12 month high of $158.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The firm has a market capitalization of $42.73 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 2.75 and a beta of 1.18. The business’s fifty day moving average price is $92.36 and its 200 day moving average price is $96.31.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s revenue for the quarter was down .9% on a year-over-year basis. 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, sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 4.8%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is 53.15%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TGT shares. Evercore ISI lowered their price objective on shares of Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Truist Financial reduced their target price on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Wedbush restated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Finally, BTIG Research assumed coverage on shares of Target in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $109.00.

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.