Sage Private Wealth Group LLC Increases Stake in Target Corporation $TGT

Sage Private Wealth Group LLC boosted its holdings in shares of Target Corporation (NYSE:TGT) by 83.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,182 shares of the retailer’s stock after buying an additional 1,906 shares during the period. Sage Private Wealth Group LLC’s holdings in Target were worth $413,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. JNBA Financial Advisors lifted its stake in Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after purchasing an additional 96 shares during the last quarter. Raleigh Capital Management Inc. increased its stake 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 purchasing an additional 102 shares during the last quarter. Guardian Wealth Advisors LLC raised its holdings in Target by 2.6% during the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after purchasing an additional 104 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Target by 9.7% during the 1st 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 boosted its holdings in shares of Target by 21.4% in the 1st quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock valued at $63,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.0%

Shares of Target stock opened at $90.01 on Friday. Target Corporation has a one year low of $85.36 and a one year high of $158.97. The company has a market cap of $40.90 billion, a P/E ratio of 10.49, a PEG ratio of 2.65 and a beta of 1.18. 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 fifty day moving average of $93.36 and a two-hundred day moving average of $96.51.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the previous year, the firm earned $2.57 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, 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. Stockholders of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This is a positive change 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 currently 53.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TGT shares. Bank of America reiterated an “underperform” rating and set a $93.00 price target (down from $105.00) on shares of Target in a research note on Friday, August 15th. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 target price on shares of Target in a research report on Wednesday, August 20th. UBS Group decreased their target price on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Wolfe Research initiated coverage on Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 price target on the stock. Finally, Jefferies Financial Group reduced their price objective on Target from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.00.

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.