BLB&B Advisors LLC Reduces Position in Target Corporation $TGT

BLB&B Advisors LLC cut its position in Target Corporation (NYSE:TGT) by 29.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,837 shares of the retailer’s stock after selling 1,989 shares during the period. BLB&B Advisors LLC’s holdings in Target were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Kozak & Associates Inc. increased its position 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 purchasing an additional 253 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Target by 63.4% in 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. Investment Research & Advisory Group Inc. purchased a new stake in shares of Target in the 2nd quarter valued at approximately $29,000. WPG Advisers LLC purchased a new stake in shares of Target in the 1st quarter valued at approximately $32,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of Target in the 2nd quarter valued at approximately $31,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Down 1.3%

TGT stock opened at $92.90 on Friday. Target Corporation has a one year low of $85.36 and a one year high of $158.42. The stock has a market capitalization of $42.21 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The company has a fifty day moving average of $91.49 and a 200-day moving average of $96.42.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS 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 company had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter last year, the business earned $2.57 EPS. The business’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, analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently announced 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. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 4.9%. Target’s dividend payout ratio (DPR) is 53.15%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TGT. Guggenheim restated a “buy” rating and issued a $115.00 target price on shares of Target in a report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 target price on shares of Target in a report on Wednesday, August 20th. Finally, Loop Capital set a $95.00 target price on shares of Target in a report on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.