KCM Investment Advisors LLC Sells 1,990 Shares of Target Corporation $TGT

KCM Investment Advisors LLC lessened its stake in shares of Target Corporation (NYSE:TGT) by 20.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,923 shares of the retailer’s stock after selling 1,990 shares during the quarter. KCM Investment Advisors LLC’s holdings in Target were worth $782,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TGT. Raleigh Capital Management Inc. boosted its position in Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares during the period. Kozak & Associates Inc. lifted its stake in shares of Target by 2,530.0% in the second 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. acquired a new stake in shares of Target in the second quarter worth $29,000. Global Assets Advisory LLC bought a new stake in shares of Target during the 2nd quarter worth $31,000. Finally, WPG Advisers LLC acquired a new position in Target in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 2.3%

Target stock opened at $91.22 on Friday. The business has a 50 day moving average price of $90.77 and a two-hundred day moving average price of $96.36. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a 12 month low of $85.36 and a 12 month high of $158.42. The stock has a market cap of $41.45 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19.

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, beating analysts’ consensus estimates of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.Target’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

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

Wall Street Analyst Weigh In

TGT has been the topic of several recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 target price on shares of Target in a report on Wednesday, August 20th. Wolfe Research assumed coverage on Target in a research note on Thursday, September 18th. They issued an “underperform” rating and a $80.00 price objective on the stock. Truist Financial cut their price objective on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. DA Davidson lowered their target price on Target from $115.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Loop Capital set a $95.00 price target on Target in a research report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.