Target Corporation $TGT Shares Bought by Cullen Capital Management LLC

Cullen Capital Management LLC lifted its holdings in shares of Target Corporation (NYSE:TGT) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 965,219 shares of the retailer’s stock after buying an additional 25,746 shares during the period. Cullen Capital Management LLC owned about 0.21% of Target worth $95,219,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. WFA of San Diego LLC purchased a new position in Target in the second quarter worth $25,000. 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 worth $27,000 after purchasing an additional 253 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in shares of Target during the 2nd quarter worth $29,000. Finally, WPG Advisers LLC purchased a new position in shares of Target in the 1st quarter valued at about $32,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on TGT shares. Truist Financial boosted their price objective on shares of Target from $83.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, November 20th. Piper Sandler reissued a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of Target in a research note on Thursday, November 20th. Sanford C. Bernstein lowered their price target on Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday, November 20th. Argus dropped their price objective on Target from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Finally, Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Ten analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $102.62.

Target Stock Up 0.1%

Shares of Target stock opened at $97.08 on Monday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $145.08. The stock has a market cap of $43.96 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 10.56 and a beta of 1.13. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average price of $91.03 and a 200 day moving average price of $95.37.

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

Target Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were given a dividend of $1.14 per share. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 4.7%. Target’s dividend payout ratio is presently 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.