Community Bank N.A. Has $2.37 Million Stake in Target Corporation $TGT

Community Bank N.A. boosted its holdings in shares of Target Corporation (NYSE:TGT) by 11.4% in the second quarter, HoldingsChannel reports. The firm owned 24,012 shares of the retailer’s stock after acquiring an additional 2,461 shares during the period. Community Bank N.A.’s holdings in Target were worth $2,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGT. Raleigh Capital Management Inc. increased its stake in shares of Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the period. Kozak & Associates Inc. increased its stake in shares of Target by 2,530.0% in 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. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target in the 2nd quarter valued at $29,000. Global Assets Advisory LLC acquired a new stake in shares of Target in the 2nd quarter valued at $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Target in the 1st quarter valued at $32,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

TGT stock opened at $87.29 on Tuesday. The business’s 50-day moving average price is $94.23 and its two-hundred day moving average price is $96.71. 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 firm has a market cap of $39.66 billion, a PE ratio of 10.17, a P/E/G ratio of 2.48 and a beta of 1.18. Target Corporation has a 1-year low of $85.36 and a 1-year high of $161.50.

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

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.2%. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio is presently 53.15%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Barclays restated an “underweight” rating and issued a $91.00 price target on shares of Target in a research report on Monday, July 21st. Royal Bank Of Canada raised their price target on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Wedbush restated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $109.10.

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.