Asset Planning Inc Lowers Position in Target Corporation $TGT

Asset Planning Inc cut its stake in Target Corporation (NYSE:TGT) by 12.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,100 shares of the retailer’s stock after selling 290 shares during the period. Asset Planning Inc’s holdings in Target were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Kozak & Associates Inc. lifted its holdings in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new position in shares of Target during the second quarter valued at approximately $29,000. Global Assets Advisory LLC purchased a new position in shares of Target during the second quarter valued at approximately $31,000. Finally, WPG Advisers LLC purchased a new position in shares of Target during the first quarter valued at approximately $32,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of NYSE TGT opened at $85.79 on Friday. Target Corporation has a twelve month low of $85.36 and a twelve month high of $161.50. The firm has a market cap of $38.98 billion, a P/E ratio of 10.00, a PEG ratio of 2.48 and a beta of 1.18. The company has a 50 day moving average of $94.48 and a 200 day moving average of $96.89. 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 (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the previous year, the firm posted $2.57 EPS. The firm’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a $1.14 dividend. 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 dividend on an annualized basis and a yield of 5.3%. Target’s payout ratio is presently 53.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TGT. Wolfe Research began coverage on shares of Target in a report on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price for the company. Loop Capital set a $95.00 target price on shares of Target in a report on Thursday, July 17th. UBS Group lowered their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 21st. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Wedbush restated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $109.65.

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.