Peoples Financial Services CORP. Sells 1,255 Shares of Target Corporation $TGT

Peoples Financial Services CORP. trimmed its holdings in Target Corporation (NYSE:TGT) by 25.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,769 shares of the retailer’s stock after selling 1,255 shares during the quarter. Peoples Financial Services CORP.’s holdings in Target were worth $372,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kozak & Associates Inc. grew its stake in shares of Target by 2,530.0% during 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. WPG Advisers LLC bought a new stake in shares of Target during the 1st quarter valued at about $32,000. 1248 Management LLC bought a new stake in shares of Target during the 1st quarter valued at about $38,000. Atwood & Palmer Inc. grew its stake in shares of Target by 951.4% during the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock valued at $41,000 after purchasing an additional 352 shares during the period. Finally, Abound Financial LLC bought a new stake in shares of Target during the 1st quarter valued at about $43,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

NYSE:TGT opened at $88.04 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target Corporation has a 1 year low of $86.30 and a 1 year high of $161.50. The stock’s 50 day simple moving average is $97.53 and its two-hundred day simple moving average is $97.97. The company has a market cap of $40.01 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 2.53 and a beta of 1.16.

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, 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 for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the previous year, the company posted $2.57 EPS. The company’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal 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 paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is presently 53.15%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TGT. Truist Financial boosted their price target on Target from $90.00 to $107.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Barclays reaffirmed an “underweight” rating and set a $91.00 price objective on shares of Target in a research report on Monday, July 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price objective on shares of Target in a research report on Wednesday, August 20th. Finally, Wolfe Research began coverage on Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Target has a consensus rating of “Hold” and a consensus price target of $110.48.

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.