Ethic Inc. Buys 6,794 Shares of Target Corporation $TGT

Ethic Inc. increased its holdings in Target Corporation (NYSE:TGT) by 19.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,742 shares of the retailer’s stock after buying an additional 6,794 shares during the quarter. Ethic Inc.’s holdings in Target were worth $4,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in 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 worth $26,000 after buying an additional 102 shares during the last quarter. 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 worth $27,000 after buying an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new position in shares of Target in the second quarter worth approximately $29,000. Global Assets Advisory LLC purchased a new position in shares of Target in the second quarter worth approximately $31,000. Finally, WPG Advisers LLC purchased a new position in shares of Target in the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of a number of research reports. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Loop Capital set a $95.00 price objective on shares of Target in a report on Thursday, July 17th. Evercore ISI decreased their target price on shares of Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. Telsey Advisory Group restated a “market perform” rating and set a $110.00 target price on shares of Target in a research note on Wednesday, August 20th. Finally, Piper Sandler restated a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $109.00.

Target Trading Up 0.2%

Target stock opened at $94.22 on Friday. The stock has a market cap of $42.81 billion, a P/E ratio of 10.98, a PEG ratio of 2.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42. The firm’s 50 day moving average price is $92.16 and its 200-day moving average price is $96.31.

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, beating the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 4.8%. Target’s dividend payout ratio (DPR) 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.