International Assets Investment Management LLC Takes Position in Target Corporation $TGT

International Assets Investment Management LLC acquired a new stake in Target Corporation (NYSE:TGT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,931 shares of the retailer’s stock, valued at approximately $1,698,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. LBP AM SA acquired a new stake in Target in the second quarter valued at $5,427,000. Precedent Wealth Partners LLC boosted its position in shares of Target by 27.7% in the 2nd 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. Mattern Capital Management LLC grew its stake in Target by 7.6% in the 2nd quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock valued at $7,809,000 after acquiring an additional 5,573 shares during the last quarter. Northern Financial Advisors Inc purchased a new position in Target during the 2nd quarter valued at about $370,000. Finally, CWM LLC increased its holdings in Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after acquiring an additional 11,378 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 1.4%

Shares of Target stock opened at $108.04 on Friday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $145.08. The business’s fifty day moving average is $97.63 and its two-hundred day moving average is $96.33. 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 $48.92 billion, a PE ratio of 13.11, a P/E/G ratio of 11.76 and a beta of 1.12.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 19th. The retailer reported $1.78 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 firm 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 firm posted $1.85 earnings per share. The business’s quarterly 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. Analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, February 11th. Target’s dividend payout ratio is presently 55.34%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TGT. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Bank of America reduced their target price on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a research note on Thursday, November 20th. Royal Bank Of Canada dropped their price target on Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Roth Mkm set a $88.00 price objective on Target in a research report on Thursday, November 20th. Finally, Sanford C. Bernstein decreased their price objective on Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a research note on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $103.03.

About Target

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.