Murphy Pohlad Asset Management LLC Sells 260 Shares of Target Corporation $TGT

Murphy Pohlad Asset Management LLC reduced its holdings in shares of Target Corporation (NYSE:TGT) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,330 shares of the retailer’s stock after selling 260 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Target were worth $2,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JNBA Financial Advisors boosted its stake in shares of Target by 3.0% during the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after acquiring an additional 96 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of 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. Guardian Wealth Advisors LLC boosted its stake in shares of Target by 2.6% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after acquiring an additional 104 shares during the period. IFG Advisory LLC boosted its stake in shares of Target by 1.4% during the 2nd quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock worth $729,000 after acquiring an additional 105 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its stake 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 acquiring an additional 106 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on TGT shares. BTIG Research started coverage on Target in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Piper Sandler reissued a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Truist Financial dropped their price target on Target from $102.00 to $83.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Target in a report on Monday. Finally, Royal Bank Of Canada lifted their price target on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $109.00.

Target Stock Performance

NYSE:TGT opened at $92.90 on Friday. The stock has a fifty day moving average price of $91.49 and a 200-day moving average price of $96.42. The company has a market cap of $42.21 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 2.74 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. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $158.42.

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

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is currently 53.15%.

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.