Target Corporation $TGT Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP decreased its stake in Target Corporation (NYSE:TGT) by 65.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,753 shares of the retailer’s stock after selling 5,182 shares during the period. Lyell Wealth Management LP’s holdings in Target were worth $272,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Target by 407.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after buying an additional 12,825,586 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Target in the 2nd quarter valued at $595,839,000. Goldman Sachs Group Inc. boosted its holdings in shares of Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after buying an additional 1,406,653 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Target by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after buying an additional 370,967 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Target by 6.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock valued at $420,413,000 after buying an additional 229,670 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Target in a research note on Thursday, August 21st. Finally, Citigroup increased their price target on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $109.00.

Target Stock Up 0.8%

Shares of Target stock opened at $91.61 on Tuesday. The company has a market cap of $41.63 billion, a P/E ratio of 10.68, a PEG ratio of 2.64 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 one year low of $85.36 and a one year high of $158.42. The firm has a fifty day moving average of $92.82 and a two-hundred day moving average of $96.34.

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

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is currently 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.