Forvis Mazars Wealth Advisors LLC Purchases 180 Shares of Target Corporation $TGT

Forvis Mazars Wealth Advisors LLC increased its position in shares of Target Corporation (NYSE:TGT) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,183 shares of the retailer’s stock after acquiring an additional 180 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Target were worth $3,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raleigh Capital Management Inc. increased its holdings in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after acquiring an additional 102 shares during the period. Kozak & Associates Inc. increased its holdings in Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after acquiring an additional 253 shares during the period. Investment Research & Advisory Group Inc. bought a new stake in Target during the 2nd quarter worth approximately $29,000. Global Assets Advisory LLC bought a new stake in Target during the 2nd quarter worth approximately $31,000. Finally, WPG Advisers LLC bought a new stake in Target during the 1st quarter worth approximately $32,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Jefferies Financial Group cut their price target on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Truist Financial cut their price target on shares of Target from $102.00 to $83.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Loop Capital set a $95.00 price target on shares of Target in a research note on Thursday, July 17th. Finally, Wedbush reissued an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Nine equities 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 stock. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $109.00.

Target Price Performance

Shares of Target stock opened at $90.79 on Friday. Target Corporation has a 52-week low of $85.36 and a 52-week high of $158.42. The stock has a market capitalization of $41.25 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 2.64 and a beta of 1.18. The company has a fifty day moving average of $93.07 and a 200-day moving average of $96.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) 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 company had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the prior year, the company earned $2.57 EPS. The firm’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. 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 5.0%. Target’s dividend payout ratio is currently 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.