Verus Capital Partners LLC Has $772,000 Holdings in Target Corporation $TGT

Verus Capital Partners LLC increased its position in shares of Target Corporation (NYSE:TGT) by 15.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,825 shares of the retailer’s stock after buying an additional 1,021 shares during the period. Verus Capital Partners LLC’s holdings in Target were worth $772,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Raleigh Capital Management Inc. raised its position in shares of 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 acquiring an additional 102 shares in the last quarter. Kozak & Associates Inc. boosted its position in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in Target during the second quarter worth approximately $29,000. Global Assets Advisory LLC bought a new stake in Target in the second quarter worth approximately $31,000. Finally, WPG Advisers LLC acquired a new position in Target in the first quarter valued at approximately $32,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of research analyst reports. BTIG Research assumed coverage on Target in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. JPMorgan Chase & Co. reduced their price target on shares of Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday. Barclays reaffirmed an “underweight” rating and issued a $91.00 price target on shares of Target in a research note on Monday, July 21st. Finally, Wolfe Research assumed coverage on shares of Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $108.71.

Target Trading Up 1.1%

NYSE:TGT opened at $91.70 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The firm has a 50-day moving average of $90.65 and a 200-day moving average of $96.32. The company has a market cap of $41.67 billion, a PE ratio of 10.69, a PEG ratio of 2.74 and a beta of 1.19. Target Corporation has a one year low of $85.36 and a one year high of $158.42.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. Target’s payout ratio is presently 53.15%.

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.