Target Corporation $TGT Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Target Corporation (NYSE:TGT) by 28.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 937,030 shares of the retailer’s stock after purchasing an additional 210,060 shares during the period. Russell Investments Group Ltd.’s holdings in Target were worth $92,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Charles Schwab Investment Management Inc. grew its stake in 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 acquiring an additional 12,825,586 shares during the period. Vanguard Group Inc. raised its position in Target by 14.7% during the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after acquiring an additional 6,607,982 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Target during the second quarter valued at $595,839,000. Nuveen LLC acquired a new stake in shares of Target in the first quarter valued at about $186,361,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Target by 35.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after purchasing an additional 1,406,653 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wolfe Research began coverage on Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 price objective for the company. Mizuho decreased their target price on Target from $94.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. BMO Capital Markets dropped their price target on Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research report on Thursday, November 20th. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price objective on shares of Target in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $102.00.

Target Stock Up 3.8%

Shares of TGT opened at $89.83 on Thursday. The firm has a market cap of $40.82 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. Target Corporation has a 12-month low of $83.44 and a 12-month high of $145.08. The company’s 50-day moving average price is $90.01 and its 200 day moving average price is $95.70. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released 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 return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. During the same period in the prior year, the firm earned $1.85 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, sell-side analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The company 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 $1.14 dividend. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Wednesday, November 12th. Target’s payout ratio is presently 55.34%.

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.