Target Corporation $TGT Shares Acquired by Bank Hapoalim BM

Bank Hapoalim BM grew its position in Target Corporation (NYSE:TGT) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,990 shares of the retailer’s stock after acquiring an additional 235 shares during the quarter. Bank Hapoalim BM’s holdings in Target were worth $295,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raleigh Capital Management Inc. boosted its holdings in shares of Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after acquiring an additional 102 shares during the period. Kozak & Associates Inc. boosted its holdings in shares of Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares during the period. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target in the second quarter valued at approximately $29,000. WPG Advisers LLC acquired a new stake in shares of Target in the first quarter valued at approximately $32,000. Finally, 1248 Management LLC acquired a new stake in shares of Target in the first quarter valued at approximately $38,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their price target on Target from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Saturday, September 27th. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price target on shares of Target in a report on Wednesday, August 20th. Finally, Barclays reaffirmed an “underweight” rating and set a $91.00 price target on shares of Target in a report on Monday, July 21st. Nine research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $109.71.

Target Trading Down 0.5%

NYSE:TGT opened at $89.03 on Friday. The stock has a fifty day moving average price of $95.89 and a two-hundred day moving average price of $97.53. The stock has a market capitalization of $40.46 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 2.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. Target Corporation has a 1 year low of $86.30 and a 1 year high of $161.50.

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

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a $1.14 dividend. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is 53.15%.

About Target

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.