DSG Capital Advisors LLC Trims Stake in Target Corporation $TGT

DSG Capital Advisors LLC lessened its position in Target Corporation (NYSE:TGT) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,762 shares of the retailer’s stock after selling 9,375 shares during the quarter. Target accounts for 2.2% of DSG Capital Advisors LLC’s portfolio, making the stock its 13th largest position. DSG Capital Advisors LLC’s holdings in Target were worth $13,613,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JNBA Financial Advisors lifted its stake in Target by 3.0% in the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after purchasing an additional 96 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in shares of Target by 32.3% in the second quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after buying an additional 98 shares during the period. OMERS ADMINISTRATION Corp lifted its stake in shares of Target by 0.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after acquiring an additional 100 shares during the last quarter. Raleigh Capital Management Inc. lifted 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 acquiring an additional 102 shares during the last quarter. Finally, Binnacle Investments Inc boosted its holdings in Target by 11.4% during the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after acquiring an additional 104 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of TGT stock opened at $104.10 on Wednesday. The firm has a market cap of $47.14 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 11.31 and a beta of 1.12. Target Corporation has a 52-week low of $83.44 and a 52-week high of $145.08. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $98.25 and its 200 day moving average is $96.28.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (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 business had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. During the same quarter last year, the firm earned $1.85 EPS. The business’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. On average, sell-side analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, February 11th. Target’s payout ratio is 55.34%.

Analyst Ratings Changes

A number of analysts have weighed in on TGT shares. Argus reduced their target price on Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Monday, December 1st. JPMorgan Chase & Co. decreased their price objective on shares of Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Bank of America lowered their price objective on shares of Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price target on shares of Target in a research note on Friday, November 14th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of Target in a report on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $103.03.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.