Target Corporation $TGT Shares Acquired by Curi Capital LLC

Curi Capital LLC boosted its position in Target Corporation (NYSE:TGT) by 88.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,582 shares of the retailer’s stock after purchasing an additional 78,044 shares during the period. Curi Capital LLC’s holdings in Target were worth $16,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. increased its holdings in shares of Target by 48.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock valued at $8,786,000 after purchasing an additional 27,329 shares in the last quarter. Precedent Wealth Partners LLC boosted its holdings in Target by 27.7% during the second quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock worth $1,303,000 after buying an additional 2,869 shares in the last quarter. PDT Partners LLC acquired a new position in Target during the first quarter worth about $4,623,000. Mattern Capital Management LLC grew its position in Target by 7.6% during the second quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock worth $7,809,000 after buying an additional 5,573 shares during the period. Finally, LBP AM SA purchased a new position in Target in the second quarter valued at about $5,427,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 0.1%

Target stock opened at $97.08 on Friday. The stock has a 50-day moving average price of $91.03 and a 200 day moving average price of $95.38. Target Corporation has a 52 week low of $83.44 and a 52 week high of $145.08. The stock has a market cap of $43.96 billion, a PE ratio of 11.78, a P/E/G ratio of 10.55 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.

Target (NYSE:TGT) last released its 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 net margin of 3.58% and a return on equity of 22.74%. The company had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. During the same period in the prior year, the firm earned $1.85 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently announced 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 represents a $4.56 dividend on an annualized basis and a yield of 4.7%. This is an increase from Target’s previous quarterly dividend of $1.12. The ex-dividend date was Wednesday, November 12th. Target’s dividend payout ratio (DPR) is 55.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TGT shares. BTIG Research initiated coverage on Target in a research note on Tuesday, October 14th. They set a “neutral” rating on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 price objective (down from $94.00) on shares of Target in a report on Thursday, November 20th. Cowen reissued a “hold” rating on shares of Target in a report on Monday, November 10th. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 price target on shares of Target in a research report on Friday, November 14th. Finally, Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Target in a research note on Monday, October 27th. Ten analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.62.

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.