Profund Advisors LLC Lowers Holdings in Target Corporation $TGT

Profund Advisors LLC lowered its stake in shares of Target Corporation (NYSE:TGT) by 21.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,906 shares of the retailer’s stock after selling 1,655 shares during the period. Profund Advisors LLC’s holdings in Target were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JNBA Financial Advisors boosted its holdings in shares of Target by 3.0% during the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after purchasing an additional 96 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after acquiring an additional 102 shares during the last quarter. Guardian Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 104 shares in the last quarter. IFG Advisory LLC boosted its position in shares of Target by 1.4% during the 2nd quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock valued at $729,000 after acquiring an additional 105 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew 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 in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.4%

NYSE TGT opened at $91.92 on Thursday. Target Corporation has a one year low of $85.36 and a one year high of $158.42. 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 market capitalization of $41.77 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. The company’s 50-day simple moving average is $90.64 and its two-hundred day simple moving average is $96.29.

Target (NYSE:TGT) last issued its quarterly earnings data 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. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same period in the prior year, the business posted $2.57 EPS. The firm’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. Equities analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $1.14 dividend. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio is 53.15%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Royal Bank Of Canada increased their price target on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Wedbush reissued an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Truist Financial decreased their price objective on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 target price on shares of Target in a report on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $108.71.

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.