Compass Capital Management Inc. Reduces Stock Holdings in Target Corporation $TGT

Compass Capital Management Inc. lessened its stake in shares of Target Corporation (NYSE:TGT) by 11.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,412 shares of the retailer’s stock after selling 713 shares during the quarter. Compass Capital Management Inc.’s holdings in Target were worth $534,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Punch & Associates Investment Management Inc. raised its position in Target by 48.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock worth $8,786,000 after acquiring an additional 27,329 shares in the last quarter. Precedent Wealth Partners LLC increased its holdings in shares of Target by 27.7% in the 2nd quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock valued at $1,303,000 after purchasing an additional 2,869 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Target in the 1st quarter valued at about $4,623,000. Mattern Capital Management LLC lifted its stake in shares of Target by 7.6% in the second quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock valued at $7,809,000 after purchasing an additional 5,573 shares during the period. Finally, Northern Financial Advisors Inc purchased a new stake in Target during the second quarter worth about $370,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 2.3%

NYSE TGT opened at $91.22 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. Target Corporation has a one year low of $85.36 and a one year high of $158.42. The company has a 50-day simple moving average of $90.77 and a 200-day simple moving average of $96.39. The firm has a market capitalization of $41.45 billion, a PE 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 for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same quarter in the prior year, the business earned $2.57 earnings per share. Target’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on TGT shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Wedbush reaffirmed an “outperform” rating on shares of Target in a report on Thursday, July 17th. Truist Financial decreased their target price on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. UBS Group dropped their price target on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Finally, Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Nine analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $109.00.

Target 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.