Target Corporation $TGT Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its position in Target Corporation (NYSE:TGT) by 30.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,102 shares of the retailer’s stock after selling 14,194 shares during the period. Atria Investments Inc’s holdings in Target were worth $2,880,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in Target by 14.7% during the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after buying an additional 6,607,982 shares during the period. Norges Bank acquired a new position in shares of Target during the 2nd quarter valued at $578,009,000. State Street Corp lifted its holdings in shares of Target by 4.3% during the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after acquiring an additional 1,529,026 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Target by 133.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock worth $219,376,000 after purchasing an additional 1,273,129 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Target by 96.1% in the 2nd quarter. California Public Employees Retirement System now owns 2,165,396 shares of the retailer’s stock valued at $213,616,000 after purchasing an additional 1,060,885 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 2.6%

Shares of Target stock opened at $115.61 on Tuesday. 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 firm has a market cap of $52.35 billion, a P/E ratio of 14.03, a P/E/G ratio of 11.83 and a beta of 1.14. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $131.70. The business has a 50-day moving average price of $104.45 and a 200 day moving average price of $96.99.

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

Target Dividend Announcement

The firm 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 dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, February 11th. Target’s dividend payout ratio is 55.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler restated a “neutral” rating and set a $85.00 price objective (down previously from $94.00) on shares of Target in a research note on Thursday, November 20th. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 target price on shares of Target in a report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. Robert W. Baird lowered their price objective on shares of Target from $100.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Finally, BMO Capital Markets dropped their price objective on shares of Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a research note on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $103.90.

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.