Vise Technologies Inc. Purchases Shares of 12,620 Target Corporation $TGT

Vise Technologies Inc. acquired a new stake in Target Corporation (NYSE:TGT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,620 shares of the retailer’s stock, valued at approximately $1,245,000.

Other institutional investors also recently bought and sold shares of the company. Kozak & Associates Inc. boosted its position in Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in shares of Target in the second quarter valued at approximately $29,000. WPG Advisers LLC purchased a new stake in Target during the 1st quarter worth about $32,000. Finally, Global Assets Advisory LLC acquired a new stake in Target in the second quarter valued at $31,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Target stock opened at $92.45 on Thursday. The firm has a 50 day moving average price of $90.64 and a 200 day moving average price of $96.29. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The company has a market cap of $42.01 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 2.74 and a beta of 1.19.

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

Target Increases Dividend

The business also recently declared 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. 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 dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is presently 53.15%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TGT. Piper Sandler reissued a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. UBS Group decreased their price target on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Bank of America reiterated an “underperform” rating and set a $93.00 target price (down previously from $105.00) on shares of Target in a research note on Friday, August 15th. BTIG Research initiated coverage on Target in a research note on Tuesday, October 14th. They issued a “neutral” rating on the stock. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price target on shares of Target in a report on Wednesday, August 20th. Nine equities research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.