Apollon Wealth Management LLC Raises Stock Position in Target Corporation $TGT

Apollon Wealth Management LLC boosted its holdings in Target Corporation (NYSE:TGT) by 3.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,859 shares of the retailer’s stock after buying an additional 362 shares during the period. Apollon Wealth Management LLC’s holdings in Target were worth $1,071,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TGT. Raleigh Capital Management Inc. boosted its holdings in shares of Target by 63.4% during the 2nd 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% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new position in shares of Target in the 2nd quarter valued at about $29,000. Global Assets Advisory LLC bought a new position in shares of Target in the 2nd quarter valued at about $31,000. Finally, WPG Advisers LLC bought a new position in shares of Target in the 1st quarter valued at about $32,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TGT shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Evercore ISI decreased their price objective on shares of Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Truist Financial decreased their price objective on shares of Target from $102.00 to $83.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Finally, Loop Capital set a $95.00 price objective on shares of Target in a research note on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $109.00.

Target Price Performance

NYSE TGT opened at $88.94 on Wednesday. The firm’s fifty day simple moving average is $93.96 and its two-hundred day simple moving average is $96.65. 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 12-month low of $85.36 and a 12-month high of $161.50. The firm has a market capitalization of $40.41 billion, a P/E ratio of 10.37, a P/E/G ratio of 2.54 and a beta of 1.18.

Target (NYSE:TGT) last announced 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. The firm had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio 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.