Integrity Alliance LLC. Sells 14,038 Shares of Target Corporation $TGT

Integrity Alliance LLC. trimmed its position in Target Corporation (NYSE:TGT) by 61.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,668 shares of the retailer’s stock after selling 14,038 shares during the period. Integrity Alliance LLC.’s holdings in Target were worth $855,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its holdings in Target by 63.4% in the 2nd 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 period. Kozak & Associates Inc. boosted its holdings in Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares during the period. Investment Research & Advisory Group Inc. bought a new stake in shares of Target during the 2nd quarter worth $29,000. Global Assets Advisory LLC bought a new stake in shares of Target during the 2nd quarter worth $31,000. Finally, WPG Advisers LLC bought a new stake in shares of Target during the 1st quarter worth $32,000. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TGT shares. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Barclays reaffirmed an “underweight” rating and set a $91.00 price objective on shares of Target in a report on Monday, July 21st. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Citigroup lifted their target price 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. Finally, Piper Sandler reiterated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $109.00.

Target Price Performance

Shares of NYSE:TGT opened at $92.92 on Friday. The company’s fifty day moving average is $91.37 and its 200 day moving average is $96.40. Target Corporation has a 52 week low of $85.36 and a 52 week high of $158.42. The stock has a market cap of $42.22 billion, a PE ratio of 10.83, a PEG ratio of 2.74 and a beta of 1.18. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released 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 firm had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the previous year, the company earned $2.57 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Research analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

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