DSG Capital Advisors LLC Decreases Holdings in Target Corporation $TGT

DSG Capital Advisors LLC trimmed its position in Target Corporation (NYSE:TGT) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,762 shares of the retailer’s stock after selling 9,375 shares during the period. Target makes up approximately 2.2% of DSG Capital Advisors LLC’s holdings, making the stock its 13th biggest holding. DSG Capital Advisors LLC’s holdings in Target were worth $13,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after acquiring an additional 3,059 shares in the last quarter. Woodline Partners LP boosted its stake in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in Target during the 2nd quarter worth approximately $225,000. Signaturefd LLC increased its stake in Target by 3.6% during the 2nd quarter. Signaturefd LLC now owns 7,589 shares of the retailer’s stock valued at $749,000 after purchasing an additional 267 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Target by 4.1% in the second quarter. Avior Wealth Management LLC now owns 3,215 shares of the retailer’s stock worth $317,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of research analyst reports. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday. Bank of America cut their price objective on Target from $93.00 to $80.00 and set an “underperform” rating on the stock 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 report on Monday, December 1st. Finally, Citigroup cut their price target on shares of Target from $100.00 to $89.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $103.03.

Target Stock Performance

Shares of NYSE TGT opened at $104.10 on Wednesday. The company has a market capitalization of $47.14 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 11.31 and a beta of 1.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The company’s fifty day moving average price is $98.25 and its 200 day moving average price is $96.28. Target Corporation has a 1 year low of $83.44 and a 1 year high of $145.08.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share 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 during the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter in the prior year, the firm posted $1.85 earnings per share. The company’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. On average, research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

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

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.