SBI Securities Co. Ltd. Sells 79,246 Shares of Target Corporation $TGT

SBI Securities Co. Ltd. lessened its stake in Target Corporation (NYSE:TGT) by 92.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,630 shares of the retailer’s stock after selling 79,246 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Target were worth $595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in Target by 41.5% in the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after purchasing an additional 11,378 shares during the last quarter. Yousif Capital Management LLC raised its holdings in Target by 3.5% during the 2nd quarter. Yousif Capital Management LLC now owns 122,358 shares of the retailer’s stock valued at $12,071,000 after buying an additional 4,110 shares during the last quarter. Twelve Points Wealth Management LLC purchased a new stake in Target during the 3rd quarter valued at $1,236,000. QVR LLC purchased a new stake in Target during the 2nd quarter valued at $11,014,000. Finally, NewSquare Capital LLC grew its holdings in Target by 122.5% in the 2nd quarter. NewSquare Capital LLC now owns 41,719 shares of the retailer’s stock worth $4,086,000 after acquiring an additional 22,968 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TGT shares. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Target in a research note on Monday, October 27th. Truist Financial upped their price target on Target from $83.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, November 20th. Roth Mkm set a $88.00 price objective on Target in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on Target in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada decreased their target price on Target from $107.00 to $99.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.21.

Target Stock Up 4.2%

Shares of NYSE:TGT opened at $115.48 on Friday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $135.00. The firm has a market capitalization of $52.29 billion, a P/E ratio of 14.01, a P/E/G ratio of 11.83 and a beta of 1.14. The stock has a 50 day moving average price of $101.70 and a 200-day moving average price of $96.64. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97.

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

Target Dividend Announcement

The business 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 $1.14 dividend. 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 payout ratio is currently 55.34%.

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.