Target Corporation $TGT Shares Bought by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. raised its holdings in shares of Target Corporation (NYSE:TGT) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,932 shares of the retailer’s stock after acquiring an additional 992 shares during the period. Cahill Financial Advisors Inc.’s holdings in Target were worth $999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares during the period. Xponance Inc. grew its holdings in Target by 0.6% during the first quarter. Xponance Inc. now owns 71,872 shares of the retailer’s stock worth $7,501,000 after acquiring an additional 425 shares during the period. Kathmere Capital Management LLC raised its position in Target by 13.7% during the first quarter. Kathmere Capital Management LLC now owns 2,889 shares of the retailer’s stock valued at $301,000 after acquiring an additional 348 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Target by 0.7% in the first quarter. New York State Common Retirement Fund now owns 583,897 shares of the retailer’s stock valued at $60,935,000 after acquiring an additional 4,100 shares during the period. Finally, Stephens Inc. AR lifted its holdings in Target by 26.1% in the first quarter. Stephens Inc. AR now owns 74,062 shares of the retailer’s stock valued at $7,729,000 after acquiring an additional 15,337 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TGT. Evercore ISI dropped their price objective on shares of Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. Loop Capital set a $95.00 price target on shares of Target in a research report on Thursday, July 17th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price objective on shares of Target in a report on Wednesday, August 20th. Jefferies Financial Group lowered their target price on shares of Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, August 20th. Finally, Wedbush restated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $109.00.

Target Stock Performance

NYSE TGT opened at $91.22 on Monday. The company has a market cap of $41.45 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. The stock’s 50 day simple moving average is $90.77 and its 200-day simple moving average is $96.39. Target Corporation has a 1-year low of $85.36 and a 1-year high of $158.42. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same period in the previous year, the business earned $2.57 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is 53.15%.

Target 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.