Target Corporation $TGT Shares Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lifted its holdings in shares of Target Corporation (NYSE:TGT) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,876 shares of the retailer’s stock after buying an additional 15,259 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Target were worth $8,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TGT. JNBA Financial Advisors lifted its holdings in Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after purchasing an additional 96 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Guardian Wealth Advisors LLC increased its stake in Target by 2.6% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after buying an additional 104 shares in the last quarter. IFG Advisory LLC raised its holdings in shares of Target by 1.4% during the second quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock valued at $729,000 after acquiring an additional 105 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Target by 9.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $91.70 on Wednesday. The company has a market capitalization of $41.67 billion, a P/E ratio of 10.69, a P/E/G ratio of 2.74 and a beta of 1.19. 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 Corporation has a 52 week low of $85.36 and a 52 week high of $158.42. The stock’s fifty day moving average is $90.65 and its two-hundred day moving average is $96.32.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same period last year, the company earned $2.57 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is 53.15%.

Wall Street Analyst Weigh In

TGT has been the subject of several recent research reports. UBS Group reduced their price objective on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price target on shares of Target in a research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Loop Capital set a $95.00 price target on Target in a research report on Thursday, July 17th. Finally, Citigroup lifted their price objective on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average target price of $108.71.

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.