Target Corporation $TGT Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in shares of Target Corporation (NYSE:TGT) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,328 shares of the retailer’s stock after selling 635 shares during the quarter. Boston Trust Walden Corp’s holdings in Target were worth $723,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in Target by 407.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after buying an additional 12,825,586 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Target in the 2nd quarter worth approximately $595,839,000. Goldman Sachs Group Inc. lifted its holdings in shares of Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after purchasing an additional 1,406,653 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Target by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock worth $542,020,000 after purchasing an additional 370,967 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Target by 6.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock worth $420,413,000 after purchasing an additional 229,670 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $90.96 on Thursday. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $160.79. The business has a 50-day moving average of $93.67 and a two-hundred day moving average of $96.61. The stock has a market capitalization of $41.33 billion, a P/E ratio of 10.60, a P/E/G ratio of 2.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 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 business had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same period in the previous year, the company posted $2.57 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities research analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend 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 (DPR) is presently 53.15%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TGT. BTIG Research began coverage on Target in a report on Tuesday. They issued a “neutral” rating on the stock. Wedbush reaffirmed an “outperform” rating on shares of Target in a research note on Thursday, July 17th. UBS Group cut their target price on Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 21st. DA Davidson lowered their price target on Target from $115.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Barclays reiterated an “underweight” rating and set a $91.00 price target on shares of Target in a research report on Monday, July 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Target presently has an average rating of “Hold” and an average price target 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.