Target Corporation $TGT Shares Sold by Brookstone Capital Management

Brookstone Capital Management lessened its holdings in shares of Target Corporation (NYSE:TGT) by 64.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,098 shares of the retailer’s stock after selling 9,092 shares during the quarter. Brookstone Capital Management’s holdings in Target were worth $503,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Raleigh Capital Management Inc. lifted its holdings 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 buying an additional 102 shares during the last quarter. Kozak & Associates Inc. lifted its holdings in Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after buying an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new position in Target during the 2nd quarter worth approximately $29,000. Global Assets Advisory LLC bought a new position in Target during the 2nd quarter worth approximately $31,000. Finally, WPG Advisers LLC bought a new position in Target during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TGT shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 target price on shares of Target in a report on Wednesday, August 20th. Royal Bank Of Canada increased their target price on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Wolfe Research started coverage on Target in a report on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Friday. Finally, UBS Group cut their price target on Target from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $109.00.

Target Stock Up 0.1%

Shares of Target stock opened at $94.34 on Monday. The business’s fifty day moving average price is $91.98 and its two-hundred day moving average price is $96.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The company has a market capitalization of $42.87 billion, a P/E ratio of 11.00, a PEG ratio of 2.74 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 announced its earnings results 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 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 firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts forecast 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 represents a $4.56 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is presently 53.15%.

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.