Boyd Watterson Asset Management LLC OH Has $748,000 Position in Target Corporation $TGT

Boyd Watterson Asset Management LLC OH cut its stake in shares of Target Corporation (NYSE:TGT) by 36.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,341 shares of the retailer’s stock after selling 4,723 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Target were worth $748,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Target by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after buying an additional 6,607,982 shares in the last quarter. State Street Corp grew its stake in Target by 4.3% in the second 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 during the period. Charles Schwab Investment Management Inc. grew its stake in Target by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock valued at $1,602,825,000 after acquiring an additional 277,176 shares during the period. Norges Bank bought a new stake in shares of Target during the second quarter valued at approximately $578,009,000. Finally, Invesco Ltd. raised its position in shares of Target by 9.6% during the second quarter. Invesco Ltd. now owns 3,549,382 shares of the retailer’s stock worth $350,146,000 after purchasing an additional 310,205 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TGT has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. JPMorgan Chase & Co. lowered their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. BTIG Research initiated coverage on Target in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Finally, Sanford C. Bernstein dropped 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-one have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $103.21.

Target Trading Up 4.2%

NYSE TGT opened at $115.48 on Friday. The stock has a market capitalization of $52.29 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 11.83 and a beta of 1.14. The business’s fifty day moving average is $101.70 and its 200-day moving average is $96.64. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. Target Corporation has a one year low of $83.44 and a one year high of $135.00.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a net margin of 3.58% and a return on equity of 22.74%. The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s revenue for the quarter 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 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be given 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 currently 55.34%.

Target Company 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.