Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 1,078 Shares of Target Corporation $TGT

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its stake in shares of Target Corporation (NYSE:TGT) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,539 shares of the retailer’s stock after selling 1,078 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Target were worth $744,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Punch & Associates Investment Management Inc. raised its stake in shares of Target by 48.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock valued at $8,786,000 after purchasing an additional 27,329 shares during the period. DSG Capital Advisors LLC raised its stake in shares of Target by 16.1% during the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock valued at $16,347,000 after purchasing an additional 21,726 shares during the period. Precedent Wealth Partners LLC raised its stake in shares of Target by 27.7% during 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 during the period. Correct Capital Wealth Management raised its stake in shares of Target by 44.7% during the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer’s stock valued at $1,415,000 after purchasing an additional 4,189 shares during the period. Finally, PDT Partners LLC bought a new stake in shares of Target during the 1st quarter valued at $4,623,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of analyst reports. UBS Group decreased their price objective on Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 21st. Evercore ISI decreased their price objective on Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. 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 note on Thursday, October 2nd. Wall Street Zen upgraded Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Jefferies Financial Group decreased their target price on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, August 20th. Nine 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 company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $109.00.

Target Trading Up 0.2%

Shares of TGT stock opened at $94.22 on Friday. The stock has a market capitalization of $42.81 billion, a PE ratio of 10.98, a P/E/G ratio of 2.74 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 business has a 50-day moving average of $92.16 and a 200 day moving average of $96.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32.

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 return on equity of 23.43% and a net margin of 3.72%.The business 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 posted $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, sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share 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 given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 4.8%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is currently 53.15%.

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.