Rosenberg Matthew Hamilton Has $189,000 Stock Holdings in Target Corporation $TGT

Rosenberg Matthew Hamilton lessened its holdings in Target Corporation (NYSE:TGT) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,912 shares of the retailer’s stock after selling 197 shares during the period. Rosenberg Matthew Hamilton’s holdings in Target were worth $189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kozak & Associates Inc. boosted its position 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 period. Raleigh Capital Management Inc. boosted its position 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 period. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target in the second quarter worth $29,000. WPG Advisers LLC acquired a new stake in shares of Target in the first quarter worth $32,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Target in the second quarter worth $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Truist Financial decreased their target price on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Barclays reiterated an “underweight” rating and set a $91.00 price objective on shares of Target in a report on Monday, July 21st. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price objective on shares of Target in a report on Wednesday, August 20th. Jefferies Financial Group cut their price objective on Target from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada raised their target price on Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $109.00.

Target Price Performance

NYSE TGT opened at $90.96 on Thursday. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $160.79. The stock’s 50-day moving average is $93.67 and its two-hundred day moving average is $96.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The firm has a market cap of $41.33 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 2.59 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings results 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 company had revenue of $24.99 billion for 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 firm’s revenue was down .9% compared to the same quarter last year. During the same period 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, analysts anticipate 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. 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 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend 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.