UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Stock Position in Target Corporation $TGT

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Target Corporation (NYSE:TGT) by 6.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,028,486 shares of the retailer’s stock after acquiring an additional 229,670 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC’s holdings in Target were worth $420,413,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new position in Target during the fourth quarter worth about $29,000. WPG Advisers LLC purchased a new position in Target during the first quarter worth about $32,000. 1248 Management LLC purchased a new position in Target during the first quarter worth about $38,000. Heck Capital Advisors LLC purchased a new position in Target during the fourth quarter worth about $40,000. Finally, Atwood & Palmer Inc. boosted its stake in Target by 951.4% during the first quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock worth $41,000 after buying an additional 352 shares during the period. 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 several research reports. DA Davidson reduced their price target on shares of Target from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. UBS Group dropped their price target on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Target in a research note on Thursday, August 21st. Bank of America restated an “underperform” rating and issued a $93.00 price target (down previously from $105.00) on shares of Target in a research note on Friday, August 15th. Finally, Robert W. Baird set a $100.00 price target on shares of Target in a research note on Thursday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $113.74.

Target Stock Down 0.6%

Shares of NYSE:TGT opened at $90.95 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a fifty-two week low of $87.35 and a fifty-two week high of $161.50. The firm’s 50 day moving average price is $101.34 and its 200 day moving average price is $100.71. The stock has a market cap of $41.33 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 2.64 and a beta of 1.16.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The company had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter last year, the company earned $2.57 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Wednesday, August 13th were given a $1.12 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a yield of 4.9%. Target’s payout ratio is 53.15%.

Target Company 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.