Cantor Fitzgerald Investment Advisors L.P. Buys 2,889 Shares of Target Corporation $TGT

Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Target Corporation (NYSE:TGT) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,921 shares of the retailer’s stock after purchasing an additional 2,889 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Target were worth $10,548,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Raleigh Capital Management Inc. grew 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 acquiring an additional 102 shares during the period. Kozak & Associates Inc. lifted its stake in 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. Investment Research & Advisory Group Inc. bought a new position in Target during the second quarter worth about $29,000. WPG Advisers LLC bought a new position in Target during the first quarter worth about $32,000. Finally, 1248 Management LLC acquired a new position in Target during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TGT. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price objective on shares of Target in a research report on Wednesday, August 20th. Loop Capital set a $95.00 price target on Target in a research note on Thursday, July 17th. Royal Bank Of Canada raised their price target on Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Truist Financial increased their price objective on shares of Target from $90.00 to $107.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $110.48.

Target Stock Down 0.6%

TGT stock opened at $89.20 on Thursday. Target Corporation has a fifty-two week low of $86.30 and a fifty-two week high of $161.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The stock has a market capitalization of $40.53 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 2.59 and a beta of 1.18. The business’s fifty day moving average price is $96.56 and its two-hundred day moving average price is $97.74.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating 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 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 posted $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 anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.1%. Target’s dividend payout ratio (DPR) is presently 53.15%.

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.