Live Oak Private Wealth LLC Buys 817 Shares of Target Corporation $TGT

Live Oak Private Wealth LLC boosted its stake in shares of Target Corporation (NYSE:TGT) by 4.0% in the second quarter, Holdings Channel reports. The institutional investor owned 21,424 shares of the retailer’s stock after purchasing an additional 817 shares during the period. Live Oak Private Wealth LLC’s holdings in Target were worth $2,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kozak & Associates Inc. increased its position in 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 in the last quarter. Raleigh Capital Management Inc. increased its position in Target by 63.4% during 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 in the last quarter. Investment Research & Advisory Group Inc. bought a new position in Target during the 2nd quarter valued at approximately $29,000. WPG Advisers LLC bought a new position in Target during the 1st quarter valued at approximately $32,000. Finally, Global Assets Advisory LLC bought a new position in Target during the 2nd quarter valued at approximately $31,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $94.14 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target Corporation has a one year low of $85.36 and a one year high of $158.42. The firm has a market capitalization of $42.78 billion, a P/E ratio of 10.97, a PEG ratio of 2.83 and a beta of 1.18. The business has a fifty day moving average of $91.58 and a 200 day moving average of $96.44.

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

Target Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 4.8%. Target’s dividend payout ratio is presently 53.15%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Evercore ISI dropped their price objective on Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Finally, Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Target presently has an average rating of “Hold” and an average price target of $109.00.

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.