Target Corporation $TGT Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. cut its stake in Target Corporation (NYSE:TGT) by 8.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,312 shares of the retailer’s stock after selling 6,452 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Target were worth $6,739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Punch & Associates Investment Management Inc. raised its holdings in Target by 48.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock valued at $8,786,000 after buying an additional 27,329 shares during the period. Precedent Wealth Partners LLC raised its holdings in Target by 27.7% in the 2nd quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock valued at $1,303,000 after buying an additional 2,869 shares during the period. Correct Capital Wealth Management raised its holdings in Target by 44.7% in the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer’s stock valued at $1,415,000 after buying an additional 4,189 shares during the period. PDT Partners LLC purchased a new stake in Target in the 1st quarter valued at about $4,623,000. Finally, Mattern Capital Management LLC raised its holdings in Target by 7.6% in the 2nd quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock valued at $7,809,000 after buying an additional 5,573 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGT has been the topic of several research analyst reports. Jefferies Financial Group reduced their price objective on shares of Target from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, August 20th. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. BTIG Research began coverage on Target in a research report on Tuesday, October 14th. They issued a “neutral” rating for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Finally, UBS Group dropped their target price on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $109.00.

Target Stock Performance

Shares of Target stock opened at $92.92 on Monday. Target Corporation has a one year low of $85.36 and a one year high of $158.42. The company has a market cap of $42.22 billion, a PE ratio of 10.83, a P/E/G 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. The business has a 50-day simple moving average of $91.37 and a 200-day simple moving average of $96.48.

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

Target Increases Dividend

The business also recently disclosed 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 is a boost 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%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio is presently 53.15%.

About Target

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.