Target Corporation $TGT Shares Sold by Private Wealth Asset Management LLC

Private Wealth Asset Management LLC lessened its stake in shares of Target Corporation (NYSE:TGT) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,728 shares of the retailer’s stock after selling 286 shares during the quarter. Private Wealth Asset Management LLC’s holdings in Target were worth $1,354,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JNBA Financial Advisors grew its position in Target by 3.0% in the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after buying an additional 96 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Guardian Wealth Advisors LLC grew its position in Target by 2.6% in the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after buying an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in Target by 9.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock worth $126,000 after buying an additional 106 shares during the last quarter. Finally, Truvestments Capital LLC grew its position in Target by 21.4% in the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock worth $63,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several recent research reports. BTIG Research initiated coverage on shares of Target in a research report on Tuesday. They issued a “neutral” rating on the stock. Citigroup lifted their price target on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Bank of America restated an “underperform” rating and issued a $93.00 price target (down previously from $105.00) on shares of Target in a research report on Friday, August 15th. Royal Bank Of Canada lifted their price target on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Loop Capital set a $95.00 price objective on shares of Target in a research note on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.00.

Target Trading Up 1.8%

Target stock opened at $88.94 on Wednesday. The company has a 50 day moving average price of $93.96 and a 200 day moving average price of $96.65. Target Corporation has a 52 week low of $85.36 and a 52 week high of $161.50. 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 has a market capitalization of $40.41 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 2.54 and a beta of 1.18.

Target (NYSE:TGT) last posted 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. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same quarter last year, the business posted $2.57 EPS. The company’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Research analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This is an increase from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.1%. Target’s dividend payout ratio (DPR) is 53.15%.

Target Company 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.