Target Corporation $TGT Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Target Corporation (NYSE:TGT) by 13.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 74,044 shares of the retailer’s stock after buying an additional 8,950 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Target were worth $6,642,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TGT. WFA of San Diego LLC purchased a new stake in Target in the second quarter valued at approximately $25,000. Heartwood Wealth Advisors LLC purchased a new position in Target during the third quarter worth approximately $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at $31,000. VSM Wealth Advisory LLC grew its stake in shares of Target by 1,113.8% during the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock valued at $35,000 after buying an additional 323 shares during the period. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of Target by 220.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 368 shares of the retailer’s stock valued at $36,000 after buying an additional 253 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of TGT stock opened at $115.48 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27. The company’s fifty day moving average price is $101.70 and its two-hundred day moving average price is $96.71. The firm has a market capitalization of $52.29 billion, a P/E ratio of 14.01, a P/E/G ratio of 11.35 and a beta of 1.14. Target Corporation has a 12 month low of $83.44 and a 12 month high of $135.00.

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 return on equity of 22.74% and a net margin of 3.58%.The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. During the same period in the previous year, the company earned $1.85 earnings per share. The company’s revenue for the quarter 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 anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders 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 dividend payout ratio is presently 55.34%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TGT. DA Davidson set a $120.00 target price on Target in a research report on Monday, January 12th. BMO Capital Markets cut their price objective on Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Thursday, November 20th. Guggenheim reiterated a “buy” rating and set a $115.00 target price on shares of Target in a report on Monday, October 27th. Jefferies Financial Group reissued a “buy” rating and set a $115.00 target price on shares of Target in a research report on Thursday, December 18th. Finally, Piper Sandler restated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of Target in a report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $103.21.

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.