Target Corporation $TGT Shares Acquired by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas raised its stake in shares of Target Corporation (NYSE:TGT) by 8.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,161 shares of the retailer’s stock after buying an additional 831 shares during the period. Community Bank & Trust Waco Texas’ holdings in Target were worth $1,101,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kozak & Associates Inc. boosted its position 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 in the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in shares of Target in the second quarter worth about $29,000. WPG Advisers LLC acquired a new position in shares of Target in the first quarter worth about $32,000. Finally, 1248 Management LLC acquired a new position in shares of Target in the first quarter worth about $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

NYSE TGT opened at $89.82 on Wednesday. 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 stock has a market capitalization of $40.81 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.56 and a beta of 1.16. The company has a 50 day moving average price of $96.93 and a two-hundred day moving average price of $97.80. Target Corporation has a 12-month low of $86.30 and a 12-month high of $161.50.

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

Target Increases Dividend

The firm also recently announced 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 5.1%. 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 is presently 53.15%.

Analysts Set New Price Targets

Several research analysts have commented on TGT shares. Piper Sandler reiterated a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Citigroup raised their target price on shares of Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Evercore ISI decreased their target price on shares of Target from $106.00 to $105.00 and set an “in-line” rating for the company in a report on Tuesday, September 23rd. Loop Capital set a $95.00 target price on shares of Target in a report on Thursday, July 17th. Finally, Bank of America restated an “underperform” rating and set a $93.00 price target (down from $105.00) on shares of Target in a report on Friday, August 15th. Nine investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $110.48.

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.