Evermay Wealth Management LLC Has $150,000 Stock Position in Target Corporation $TGT

Evermay Wealth Management LLC reduced its stake in shares of Target Corporation (NYSE:TGT) by 17.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,525 shares of the retailer’s stock after selling 330 shares during the period. Evermay Wealth Management LLC’s holdings in Target were worth $150,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. JNBA Financial Advisors raised its holdings in Target by 3.0% during the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after buying an additional 96 shares during the period. Raleigh Capital Management Inc. raised its holdings in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the period. Guardian Wealth Advisors LLC raised its holdings in Target by 2.6% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after buying an additional 104 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Target by 9.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after purchasing an additional 106 shares during the last quarter. Finally, Truvestments Capital LLC raised its holdings in shares of Target by 21.4% in the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock valued at $63,000 after purchasing an additional 107 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of TGT opened at $91.61 on Tuesday. The company has a market cap of $41.63 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 2.64 and a beta of 1.18. Target Corporation has a 1-year low of $85.36 and a 1-year high of $158.42. The company’s fifty day simple moving average is $92.82 and its 200 day simple moving average is $96.34. 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 (NYSE:TGT) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. 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. On average, research analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. This is a positive change 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 (DPR) is presently 53.15%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TGT. Evercore ISI lowered their price objective on shares of Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Target in a report on Wednesday, August 20th. Bank of America reiterated an “underperform” rating and issued a $93.00 price objective (down from $105.00) on shares of Target in a report on Friday, August 15th. Finally, Truist Financial lowered their price objective on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $109.00.

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.