Venturi Wealth Management LLC Buys 886 Shares of Target Corporation $TGT

Venturi Wealth Management LLC raised its stake in Target Corporation (NYSE:TGT) by 8.1% during the second quarter, HoldingsChannel.com reports. The fund owned 11,786 shares of the retailer’s stock after purchasing an additional 886 shares during the quarter. Venturi Wealth Management LLC’s holdings in Target were worth $1,163,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kozak & Associates Inc. increased its holdings in Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Target by 63.4% in the 2nd 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 last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Target in the 2nd quarter worth about $29,000. WPG Advisers LLC bought a new stake in shares of Target in the 1st quarter worth about $32,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Target in the 2nd quarter worth about $31,000. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Target stock opened at $90.35 on Thursday. The stock has a market cap of $41.06 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18. 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 firm has a 50-day moving average of $94.99 and a two-hundred day moving average of $97.22.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the prior year, the company earned $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. On average, research analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reduced their target price 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. Piper Sandler restated a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Loop Capital set a $95.00 price target on shares of Target in a research note on Thursday, July 17th. Barclays reaffirmed an “underweight” rating and set a $91.00 price target on shares of Target in a research note on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $109.65.

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.