Stanley Laman Group Ltd. Has $2.03 Million Stock Position in Target Corporation $TGT

Stanley Laman Group Ltd. lowered its stake in Target Corporation (NYSE:TGT) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,524 shares of the retailer’s stock after selling 1,472 shares during the period. Stanley Laman Group Ltd.’s holdings in Target were worth $2,025,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Target by 407.8% during 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 purchasing an additional 12,825,586 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Target in the second quarter valued at $595,839,000. Goldman Sachs Group Inc. increased its stake in Target by 35.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after purchasing an additional 1,406,653 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Target by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after purchasing an additional 370,967 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Target by 6.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock worth $420,413,000 after acquiring an additional 229,670 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Evercore ISI decreased their target price on shares of Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday. Wolfe Research started coverage on shares of Target in a research note on Thursday, September 18th. They issued an “underperform” rating and a $80.00 target price on the stock. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price target on shares of Target in a research note on Wednesday, August 20th. Wedbush restated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. 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. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $109.00.

Target Price Performance

TGT stock opened at $90.79 on Friday. The firm has a market cap of $41.25 billion, a P/E ratio of 10.58, a P/E/G ratio of 2.62 and a beta of 1.18. Target Corporation has a 52 week low of $85.36 and a 52 week high of $158.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The firm’s fifty day moving average is $93.07 and its 200 day moving average is $96.42.

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

Target Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio 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.