Sigma Planning Corp Grows Stock Holdings in Target Corporation $TGT

Sigma Planning Corp boosted its stake in shares of Target Corporation (NYSE:TGT) by 24.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,916 shares of the retailer’s stock after buying an additional 1,579 shares during the quarter. Sigma Planning Corp’s holdings in Target were worth $781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of TGT. JNBA Financial Advisors grew its holdings in shares of Target by 3.0% in 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 position in Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares in the last quarter. Guardian Wealth Advisors LLC grew its holdings in Target by 2.6% in the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock valued at $422,000 after purchasing an additional 104 shares during the last quarter. IFG Advisory LLC grew its holdings in Target by 1.4% in the second quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock valued at $729,000 after purchasing an additional 105 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of Target by 9.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after buying an additional 106 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT opened at $89.28 on Friday. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42. The company’s 50 day simple moving average is $90.87 and its 200 day simple moving average is $96.36. The company has a market capitalization of $40.57 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 2.74 and a beta of 1.19. 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 (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating 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 the consensus estimate of $24.84 billion. During the same period in the previous year, the firm posted $2.57 EPS. Target’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 5.1%. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is currently 53.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TGT shares. Wolfe Research initiated coverage on shares of Target in a research note on Thursday, September 18th. They issued an “underperform” rating and a $80.00 price objective on the stock. DA Davidson reduced their price target on shares of Target from $115.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Bank of America reissued an “underperform” rating and set a $93.00 price objective (down from $105.00) on shares of Target in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 target price on shares of Target in a report on Wednesday, August 20th. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $109.00.

Target Company 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.