Court Place Advisors LLC Has $374,000 Stock Position in Target Corporation $TGT

Court Place Advisors LLC decreased its stake in Target Corporation (NYSE:TGT) by 18.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,793 shares of the retailer’s stock after selling 845 shares during the period. Court Place Advisors LLC’s holdings in Target were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TGT. Charles Schwab Investment Management Inc. grew its stake in shares of Target by 407.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after acquiring an additional 12,825,586 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. Pacer Advisors Inc. grew its stake in shares of Target by 1,364.3% in the first quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock worth $343,312,000 after acquiring an additional 3,065,035 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Target in the first quarter worth $186,361,000. Finally, Goldman Sachs Group Inc. boosted its stake in Target by 35.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after buying an additional 1,406,653 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.4%

Shares of NYSE TGT opened at $89.12 on Friday. The stock has a market cap of $40.50 billion, a PE ratio of 10.39, a PEG ratio of 2.62 and a beta of 1.18. The business has a fifty day moving average of $94.76 and a two-hundred day moving average of $97.09. Target Corporation has a 52-week low of $86.30 and a 52-week high of $161.50. 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 (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. The company 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%.The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $1.14 dividend. This is a positive change 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 of this dividend is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is presently 53.15%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent research reports. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Target in a research note on Thursday, August 21st. Wedbush reiterated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Royal Bank Of Canada lifted their price target on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. UBS Group decreased their price target on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 21st. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price target on shares of Target in a research note on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $109.65.

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.