Achmea Investment Management B.V. Decreases Stock Position in Target Corporation $TGT

Achmea Investment Management B.V. decreased its holdings in shares of Target Corporation (NYSE:TGT) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 159,571 shares of the retailer’s stock after selling 4,474 shares during the period. Achmea Investment Management B.V.’s holdings in Target were worth $15,741,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TGT. Charles Schwab Investment Management Inc. raised its holdings in shares of Target by 407.8% in the first 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 acquired a new position in shares of Target in the 2nd quarter valued at $595,839,000. Pacer Advisors Inc. raised its stake in Target by 1,364.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock worth $343,312,000 after acquiring an additional 3,065,035 shares during the last quarter. Nuveen LLC acquired a new stake in Target during the 1st quarter worth about $186,361,000. Finally, Goldman Sachs Group Inc. grew its stake in Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after purchasing an additional 1,406,653 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Barclays restated an “underweight” rating and set a $91.00 price objective on shares of Target in a research note on Monday, July 21st. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Target in a report on Monday, October 27th. UBS Group reduced their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 21st. Finally, Piper Sandler restated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Nine research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.00.

Target Trading Down 2.9%

Shares of NYSE:TGT opened at $89.28 on Friday. The business’s 50 day moving average price is $90.87 and its 200-day moving average price is $96.36. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42. The firm has a market capitalization of $40.57 billion, a price-to-earnings ratio of 10.41, 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 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 earnings per share for the quarter, topping 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 company had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same period in the prior year, the business 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 forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is 53.15%.

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.