Plancorp LLC Has $316,000 Stock Holdings in Target Corporation $TGT

Plancorp LLC raised its holdings in shares of Target Corporation (NYSE:TGT) by 25.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,032 shares of the retailer’s stock after purchasing an additional 612 shares during the quarter. Plancorp LLC’s holdings in Target were worth $316,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TGT. Brighton Jones LLC lifted its holdings in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Target by 10.6% during the fourth quarter. Deutsche Bank AG now owns 1,579,366 shares of the retailer’s stock worth $213,499,000 after buying an additional 151,865 shares in the last quarter. First Manhattan CO. LLC. lifted its holdings in shares of Target by 35.4% during the fourth quarter. First Manhattan CO. LLC. now owns 2,296 shares of the retailer’s stock worth $310,000 after buying an additional 600 shares in the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of Target by 2.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 284,136 shares of the retailer’s stock worth $38,410,000 after buying an additional 7,694 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Target during the fourth quarter worth $2,068,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 0.5%

Shares of NYSE TGT opened at $93.14 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The company has a market cap of $42.32 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 2.69 and a beta of 1.16. Target Corporation has a 12 month low of $87.35 and a 12 month high of $161.50. The stock has a 50-day moving average price of $101.75 and a two-hundred day moving average price of $101.19.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 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 the consensus estimate of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th were paid a dividend of $1.12 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $4.48 annualized dividend and a yield of 4.8%. Target’s payout ratio is presently 53.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TGT shares. Loop Capital set a $95.00 target price on Target in a report on Thursday, July 17th. BMO Capital Markets dropped their target price on Target from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Thursday, May 22nd. Guggenheim restated a “buy” rating and issued a $115.00 price target on shares of Target in a research report on Thursday, August 21st. Jefferies Financial Group decreased their price target on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Finally, Mizuho decreased their price target on Target from $92.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $113.74.

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.