Clarius Group LLC Buys 1,358 Shares of Target Corporation $TGT

Clarius Group LLC grew its stake in shares of Target Corporation (NYSE:TGT) by 33.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,469 shares of the retailer’s stock after buying an additional 1,358 shares during the period. Clarius Group LLC’s holdings in Target were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TGT. Charles Schwab Investment Management Inc. increased its stake in Target by 407.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after purchasing 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. Pacer Advisors Inc. increased its position in shares of Target by 1,364.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock valued at $343,312,000 after buying an additional 3,065,035 shares in the last quarter. Nuveen LLC acquired a new stake in Target during the 1st quarter worth $186,361,000. Finally, Goldman Sachs Group Inc. raised its stake in Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after buying an additional 1,406,653 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research report on Saturday, September 27th. Wedbush restated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price target on shares of Target in a report on Wednesday, August 20th. Finally, UBS Group dropped their price objective on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $109.71.

Target Price Performance

NYSE TGT opened at $89.03 on Monday. The firm’s 50 day moving average is $95.89 and its 200-day moving average is $97.43. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $40.46 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18. Target Corporation has a 12-month low of $86.30 and a 12-month high of $161.50.

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

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 5.1%. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is currently 53.15%.

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.