Target Corporation $TGT Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its position in Target Corporation (NYSE:TGT) by 41.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,312 shares of the retailer’s stock after buying an additional 2,448 shares during the period. Assetmark Inc.’s holdings in Target were worth $820,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TGT. Brighton Jones LLC raised its stake in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Target by 5.3% during the first quarter. Linden Thomas Advisory Services LLC now owns 10,832 shares of the retailer’s stock worth $1,130,000 after buying an additional 544 shares in the last quarter. Forza Wealth Management LLC grew its holdings in shares of Target by 5.3% during the first quarter. Forza Wealth Management LLC now owns 3,873 shares of the retailer’s stock worth $404,000 after buying an additional 195 shares in the last quarter. Parr Mcknight Wealth Management Group LLC raised its position in shares of Target by 33.1% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 25,813 shares of the retailer’s stock valued at $2,694,000 after buying an additional 6,423 shares during the last quarter. Finally, Peoples Financial Services CORP. lifted its stake in shares of Target by 5.4% in the first quarter. Peoples Financial Services CORP. now owns 5,024 shares of the retailer’s stock worth $524,000 after buying an additional 257 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of TGT opened at $89.28 on Friday. The firm has a 50-day simple moving average of $90.87 and a two-hundred day simple moving average of $96.36. The stock has a market cap of $40.57 billion, a PE ratio of 10.41, a P/E/G ratio of 2.74 and a beta of 1.19. 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 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 firm had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter last year, the company posted $2.57 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TGT shares. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. UBS Group dropped their price target on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Royal Bank Of Canada lifted their price objective on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Wolfe Research began coverage on Target in a report on Thursday, September 18th. They issued an “underperform” rating and a $80.00 target price for the company. Finally, Zacks Research downgraded Target from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.00.

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.