Target Corporation $TGT Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. lowered its stake in Target Corporation (NYSE:TGT) by 7.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,878 shares of the retailer’s stock after selling 634 shares during the quarter. Harbour Investments Inc.’s holdings in Target were worth $777,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TGT. Brighton Jones LLC lifted its holdings in Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the period. Premier Path Wealth Partners LLC lifted its holdings in Target by 11.3% in the first quarter. Premier Path Wealth Partners LLC now owns 3,525 shares of the retailer’s stock worth $368,000 after purchasing an additional 357 shares during the period. Blue Trust Inc. raised its position in Target by 3.1% in the first quarter. Blue Trust Inc. now owns 5,136 shares of the retailer’s stock worth $536,000 after acquiring an additional 153 shares in the last quarter. Segment Wealth Management LLC bought a new stake in Target in the first quarter worth about $279,000. Finally, Rockline Wealth Management LLC raised its position in Target by 4.2% in the first quarter. Rockline Wealth Management LLC now owns 32,670 shares of the retailer’s stock worth $3,409,000 after acquiring an additional 1,330 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

NYSE TGT opened at $90.79 on Friday. The stock’s 50-day moving average price is $93.07 and its two-hundred day moving average price is $96.36. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The company has a market cap of $41.25 billion, a PE ratio of 10.58, a PEG ratio of 2.64 and a beta of 1.18. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion for 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%.The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, 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. Shareholders of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.0%. Target’s dividend payout ratio (DPR) is presently 53.15%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Wedbush reiterated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Loop Capital set a $95.00 price target on shares of Target in a research report on Thursday, July 17th. Guggenheim reiterated a “buy” rating and issued a $115.00 price target on shares of Target in a research report on Thursday, August 21st. Finally, Barclays reiterated an “underweight” rating and issued a $91.00 price target on shares of Target in a research report on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.