Target Corporation $TGT Shares Bought by Atria Investments Inc

Atria Investments Inc raised its position in Target Corporation (NYSE:TGT) by 20.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 46,296 shares of the retailer’s stock after buying an additional 7,851 shares during the quarter. Atria Investments Inc’s holdings in Target were worth $4,567,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. increased its stake 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 buying an additional 102 shares during the period. Kozak & Associates Inc. increased its stake 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 buying an additional 253 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in Target in the 2nd quarter valued at $29,000. Global Assets Advisory LLC purchased a new stake in shares of Target during the 2nd quarter worth $31,000. Finally, WPG Advisers LLC purchased a new stake in shares of Target during the 1st quarter worth $32,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Bank of America restated an “underperform” rating and set a $93.00 target price (down from $105.00) on shares of Target in a research report on Friday, August 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Evercore ISI decreased their target price on shares of Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Jefferies Financial Group decreased their target price on shares of Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Finally, BTIG Research assumed coverage on shares of Target in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Nine 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $109.00.

Target Price Performance

Target stock opened at $92.92 on Friday. Target Corporation has a 52 week low of $85.36 and a 52 week high of $158.42. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The firm’s 50-day simple moving average is $91.37 and its 200 day simple moving average is $96.43. The firm has a market capitalization of $42.22 billion, a PE ratio of 10.83, a P/E/G ratio of 2.74 and a beta of 1.18.

Target (NYSE:TGT) last released 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 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 analyst estimates of $24.84 billion. During the same period in the previous year, the firm earned $2.57 EPS. The business’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. On average, equities research analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

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