Amundi Sells 1,376,965 Shares of Target Corporation $TGT

Amundi cut its holdings in Target Corporation (NYSE:TGT) by 49.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,380,467 shares of the retailer’s stock after selling 1,376,965 shares during the period. Amundi’s holdings in Target were worth $145,570,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TGT. Vanguard Group Inc. increased its position in Target by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after buying an additional 6,607,982 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Target by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after acquiring an additional 277,176 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Target in the second quarter worth $595,839,000. Norges Bank bought a new position in Target during the second quarter worth $578,009,000. Finally, Dimensional Fund Advisors LP raised its stake in Target by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after purchasing an additional 370,967 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $92.19 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The firm has a market cap of $41.74 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 10.03 and a beta of 1.13. Target Corporation has a 12 month low of $83.44 and a 12 month high of $145.08. The company’s 50-day moving average price is $90.45 and its two-hundred day moving average price is $95.37.

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

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 4.9%. The ex-dividend date was Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is presently 55.34%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TGT shares. DA Davidson restated a “buy” rating and set a $108.00 price objective on shares of Target in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Piper Sandler reissued a “neutral” rating and set a $85.00 price objective (down previously from $94.00) on shares of Target in a report on Thursday, November 20th. BMO Capital Markets lowered their price objective on Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a research report on Thursday, November 20th. Finally, Guggenheim restated a “buy” rating and issued a $115.00 target price on shares of Target in a research note on Monday, October 27th. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $102.79.

Target Profile

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.