Target Corporation $TGT Holdings Raised by Fisher Asset Management LLC

Fisher Asset Management LLC increased its stake in Target Corporation (NYSE:TGT) by 270.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,223 shares of the retailer’s stock after purchasing an additional 14,036 shares during the quarter. Fisher Asset Management LLC’s holdings in Target were worth $1,896,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TGT. Brighton Jones LLC raised its holdings in Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Target by 2.9% during the 1st quarter. Chicago Partners Investment Group LLC now owns 7,644 shares of the retailer’s stock valued at $730,000 after purchasing an additional 219 shares in the last quarter. Deutsche Bank AG increased its position in shares of Target by 44.1% during the 1st quarter. Deutsche Bank AG now owns 2,276,435 shares of the retailer’s stock valued at $237,569,000 after purchasing an additional 697,069 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Target during the 1st quarter valued at $1,592,000. Finally, Y.D. More Investments Ltd raised its stake in shares of Target by 22.4% in the 1st quarter. Y.D. More Investments Ltd now owns 1,224 shares of the retailer’s stock worth $128,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of several research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 target price on shares of Target in a research note on Friday, November 14th. Truist Financial raised their price objective on shares of Target from $83.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, November 20th. Robert W. Baird lowered their price objective on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, BTIG Research initiated coverage on shares of Target in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Eleven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.79.

Target Stock Performance

Shares of TGT opened at $92.19 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $145.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The company has a market capitalization of $41.74 billion, a PE ratio of 11.19, a PEG ratio of 9.97 and a beta of 1.13. The company’s 50 day moving average price is $90.45 and its 200 day moving average price is $95.38.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Target had a net margin of 3.58% and a return on equity of 22.74%. The company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. During the same quarter last year, the business posted $1.85 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is currently 55.34%.

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.