Target Corporation $TGT Shares Sold by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. cut its stake in shares of Target Corporation (NYSE:TGT) by 5.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,092 shares of the retailer’s stock after selling 125 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Target were worth $206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kozak & Associates Inc. grew its position in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after buying an additional 253 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake 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 last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Target during the second quarter worth approximately $29,000. WPG Advisers LLC purchased a new stake in Target during the first quarter worth approximately $32,000. Finally, Global Assets Advisory LLC purchased a new stake in Target during the second quarter worth approximately $31,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

Shares of NYSE TGT opened at $85.79 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a twelve month low of $85.36 and a twelve month high of $161.50. The stock has a 50 day moving average of $94.48 and a two-hundred day moving average of $96.95. The stock has a market cap of $38.98 billion, a P/E ratio of 10.00, a P/E/G ratio of 2.58 and a beta of 1.18.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the previous year, the business earned $2.57 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders 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 dividend yield of 5.3%. 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 (DPR) is currently 53.15%.

Wall Street Analyst Weigh In

TGT has been the subject of several recent analyst reports. Guggenheim restated a “buy” rating and set a $115.00 target price on shares of Target in a research note on Thursday, August 21st. Citigroup raised their price objective on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Royal Bank Of Canada raised their price objective on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, Barclays reaffirmed an “underweight” rating and set a $91.00 price objective on shares of Target in a report on Monday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $109.65.

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.