Target Corporation $TGT Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its position in shares of Target Corporation (NYSE:TGT) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,830 shares of the retailer’s stock after buying an additional 582 shares during the quarter. Target makes up 0.5% of Quadrant Capital Group LLC’s holdings, making the stock its 28th biggest position. Quadrant Capital Group LLC’s holdings in Target were worth $12,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC lifted its holdings in Target by 220.0% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 368 shares of the retailer’s stock valued at $36,000 after purchasing an additional 253 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in Target during the 2nd quarter worth approximately $367,000. Russell Investments Group Ltd. raised its holdings in shares of Target by 28.9% during the second quarter. Russell Investments Group Ltd. now owns 937,030 shares of the retailer’s stock valued at $92,451,000 after acquiring an additional 210,060 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Target by 12.9% in the second quarter. J.W. Cole Advisors Inc. now owns 19,069 shares of the retailer’s stock worth $1,881,000 after acquiring an additional 2,174 shares during the last quarter. Finally, Farmers National Bank increased its position in shares of Target by 0.5% during the second quarter. Farmers National Bank now owns 22,497 shares of the retailer’s stock worth $2,219,000 after purchasing an additional 118 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Up 3.8%

Target stock opened at $89.83 on Thursday. The company has a market capitalization of $40.82 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08. The firm has a 50 day moving average price of $90.01 and a 200 day moving average price of $95.70.

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. Research analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on TGT shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price objective on shares of Target in a research note on Friday, November 14th. DA Davidson restated a “buy” rating and issued a $108.00 price target on shares of Target in a research report on Thursday, November 20th. Evercore ISI reiterated a “positive” rating and set a $100.00 price objective on shares of Target in a research report on Thursday, November 20th. Piper Sandler restated a “neutral” rating and issued a $85.00 target price (down from $94.00) on shares of Target in a report on Thursday, November 20th. Finally, Jefferies Financial Group lowered their price target on shares of Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.00.

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.