CSM Advisors LLC Grows Holdings in Target Corporation $TGT

CSM Advisors LLC boosted its holdings in shares of Target Corporation (NYSE:TGT) by 6.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 72,896 shares of the retailer’s stock after purchasing an additional 4,170 shares during the period. CSM Advisors LLC’s holdings in Target were worth $7,192,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TGT. JNBA Financial Advisors grew its holdings in shares of Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after buying an additional 96 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in 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 lifted its position in 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 grew its stake in shares of Target by 1.4% in the 2nd 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 grew its stake in shares of Target by 9.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after purchasing an additional 106 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

TGT stock opened at $91.22 on Friday. The firm has a 50 day moving average of $90.77 and a 200-day moving average of $96.36. The company has a market cap of $41.45 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.74 and a beta of 1.19. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a 12-month low of $85.36 and a 12-month high of $158.42.

Target (NYSE:TGT) last released its quarterly earnings data 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. 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%.Target’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is presently 53.15%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent research reports. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Royal Bank Of Canada raised their target price on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Piper Sandler reissued a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Target in a report on Monday, October 27th. Nine analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $109.00.

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.