Everstar Asset Management LLC Increases Stake in Target Corporation $TGT

by · The Cerbat Gem

Everstar Asset Management LLC boosted its stake in Target Corporation (NYSE:TGT – Free Report) by 29.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,250 shares of the retailer’s stock after purchasing an additional 1,854 shares during the quarter. Everstar Asset Management LLC’s holdings in Target were worth $814,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of TGT. Kozak & Associates Inc. grew its stake in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after buying an additional 253 shares during the period. Raleigh Capital Management Inc. boosted its holdings in Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after acquiring an additional 102 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Target during the second quarter valued at about $29,000. WPG Advisers LLC acquired a new stake in Target during the first quarter worth about $32,000. Finally, Global Assets Advisory LLC acquired a new stake in Target during the second quarter worth about $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

TGT opened at $90.85 on Monday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $145.08. The firm has a market cap of $41.28 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 2.74 and a beta of 1.19. 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 fifty day simple moving average of $90.07 and a 200 day simple moving average of $95.57.

Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The firm had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $1.14 dividend. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is currently 55.34%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TGT shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Sanford C. Bernstein cut their price target on shares of Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday, November 20th. Wolfe Research began coverage on shares of Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 price objective for the company. Piper Sandler reissued a “neutral” rating and issued a $85.00 price objective (down previously from $94.00) on shares of Target in a research report on Thursday, November 20th. Finally, Evercore ISI restated a “positive” rating and set a $100.00 target price on shares of Target in a report on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.00.

View Our Latest Analysis on Target

Target Company Profile

(Free Report)

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.

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