Campbell Capital Management Inc. Buys Shares of 67,967 Target Corporation $TGT

Campbell Capital Management Inc. purchased a new position in shares of Target Corporation (NYSE:TGT) in the 2nd quarter, Holdings Channel reports. The fund purchased 67,967 shares of the retailer’s stock, valued at approximately $6,705,000. Target comprises about 2.6% of Campbell Capital Management Inc.’s holdings, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGT. WFA of San Diego LLC acquired a new stake in shares of Target in the second quarter valued at approximately $25,000. Kozak & Associates Inc. grew its holdings in Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after buying an additional 253 shares in the last quarter. Raleigh Capital Management Inc. increased its position in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after acquiring an additional 102 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in Target during the 2nd quarter worth $29,000. Finally, WPG Advisers LLC bought a new position in shares of Target in the first quarter worth $32,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Trading Up 0.1%

NYSE TGT opened at $97.08 on Friday. The firm’s 50 day moving average price is $91.03 and its two-hundred day moving average price is $95.37. 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 Corporation has a twelve month low of $83.44 and a twelve month high of $145.08. The stock has a market cap of $43.96 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 10.56 and a beta of 1.13.

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

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Wednesday, November 12th. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is presently 55.34%.

Analyst Upgrades and Downgrades

A number of analysts have commented on TGT shares. Evercore ISI dropped their price target on shares of Target from $100.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday. Roth Capital set a $88.00 price target on Target in a research note on Thursday, November 20th. Piper Sandler restated a “neutral” rating and issued a $85.00 price objective (down previously from $94.00) on shares of Target in a report on Thursday, November 20th. Argus decreased their target price on Target from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Finally, Guggenheim reiterated a “buy” rating and issued a $115.00 price target on shares of Target in a research report on Monday, October 27th. Ten investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $102.62.

About Target

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.