Target Corporation $TGT Shares Sold by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC cut its stake in Target Corporation (NYSE:TGT) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 159,887 shares of the retailer’s stock after selling 11,326 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Target were worth $14,341,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Providence Capital Advisors LLC grew its stake in shares of Target by 2.9% during the 3rd quarter. Providence Capital Advisors LLC now owns 33,672 shares of the retailer’s stock worth $3,020,000 after purchasing an additional 935 shares during the period. Rockland Trust Co. boosted its holdings in Target by 2.5% during the third quarter. Rockland Trust Co. now owns 8,410 shares of the retailer’s stock worth $754,000 after buying an additional 207 shares in the last quarter. Mandatum Life Insurance Co Ltd boosted its holdings in Target by 18.6% during the third quarter. Mandatum Life Insurance Co Ltd now owns 44,723 shares of the retailer’s stock worth $4,012,000 after buying an additional 7,000 shares in the last quarter. AlTi Global Inc. grew its position in Target by 3.5% during the third quarter. AlTi Global Inc. now owns 3,608 shares of the retailer’s stock valued at $323,000 after buying an additional 122 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its holdings in Target by 1.4% in the third quarter. Linden Thomas Advisory Services LLC now owns 12,481 shares of the retailer’s stock valued at $1,120,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.1%

TGT stock opened at $115.61 on Tuesday. 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 firm has a 50-day moving average of $102.18 and a two-hundred day moving average of $96.63. Target Corporation has a 12 month low of $83.44 and a 12 month high of $132.47. The company has a market cap of $52.35 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 11.83 and a beta of 1.14.

Target (NYSE:TGT) last posted its quarterly 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 return on equity of 22.74% and a net margin of 3.58%.The business had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. During the same period in the prior year, the business earned $1.85 earnings per share. The business’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. As a group, analysts forecast that Target Corporation will post 8.69 earnings per share 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 issued a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, February 11th. Target’s dividend payout ratio is presently 55.34%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TGT shares. Sanford C. Bernstein lowered their target price on shares of Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a research note on Thursday, November 20th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Evercore raised their price objective on Target from $95.00 to $100.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. Mizuho reduced their target price on Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Finally, Robert W. Baird decreased their target price on Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $103.21.

Target 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.