Cambiar Investors LLC Has $43.93 Million Holdings in Target Corporation $TGT

Cambiar Investors LLC grew its holdings in Target Corporation (NYSE:TGT) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 489,724 shares of the retailer’s stock after purchasing an additional 25,254 shares during the period. Target comprises 2.0% of Cambiar Investors LLC’s portfolio, making the stock its 21st largest holding. Cambiar Investors LLC owned about 0.11% of Target worth $43,928,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. WFA of San Diego LLC purchased a new position in Target during the second quarter valued at approximately $25,000. Raleigh Capital Management Inc. boosted its stake in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the period. Heartwood Wealth Advisors LLC purchased a new position in shares of Target during the 3rd quarter valued at $27,000. Global Assets Advisory LLC purchased a new position in shares of Target during the 2nd quarter valued at $31,000. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Target in the third quarter worth $31,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of NYSE:TGT opened at $104.10 on Wednesday. The business has a 50 day moving average price of $98.25 and a 200 day moving average price of $96.28. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 11.31 and a beta of 1.12. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. Target Corporation has a twelve month low of $83.44 and a twelve month high of $145.08.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping 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 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. Target’s 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. Research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, February 11th. Target’s dividend payout ratio (DPR) is presently 55.34%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. Truist Financial lifted their price target on Target from $83.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, November 20th. Roth Mkm set a $88.00 price objective on Target in a report on Thursday, November 20th. JPMorgan Chase & Co. cut their price objective on shares of Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, Guggenheim reissued a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Monday, October 27th. Ten research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average target price 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.