Target Corporation $TGT Shares Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd increased its stake in Target Corporation (NYSE:TGT) by 231.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,871 shares of the retailer’s stock after purchasing an additional 48,796 shares during the quarter. Quadrature Capital Ltd’s holdings in Target were worth $6,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised 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 buying an additional 102 shares during the period. Kozak & Associates Inc. increased its holdings in Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after buying an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new position in shares of Target during the 2nd quarter valued at $29,000. Global Assets Advisory LLC bought a new position in Target during the second quarter valued at about $31,000. Finally, WPG Advisers LLC bought a new position in shares of Target in the 1st quarter valued at approximately $32,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Zacks Research cut shares of Target from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Citigroup dropped their price objective on shares of Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. DA Davidson reaffirmed a “buy” rating and set a $108.00 price objective on shares of Target in a research report on Thursday, November 20th. Finally, Guggenheim reissued a “buy” rating and set a $115.00 target price on shares of Target in a research report on Monday, October 27th. Ten investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.00.

Target Stock Performance

NYSE TGT opened at $90.85 on Friday. The stock has a market cap of $41.28 billion, a P/E ratio of 10.59, a PEG ratio of 2.74 and a beta of 1.19. The company’s 50-day simple moving average is $90.07 and its 200 day simple moving average is $95.59. Target Corporation has a twelve month low of $83.44 and a twelve month high of $145.08. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. During the same quarter last year, the company earned $1.85 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, research analysts forecast 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. Shareholders of record on Wednesday, November 12th will be given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is currently 55.34%.

About Target

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.