Prudent Man Advisors LLC Purchases Shares of 4,412 Target Corporation $TGT

Prudent Man Advisors LLC purchased a new stake in Target Corporation (NYSE:TGT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,412 shares of the retailer’s stock, valued at approximately $435,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. raised its holdings 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 in the last quarter. Kozak & Associates Inc. raised its holdings 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 acquiring an additional 253 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Target during the second quarter worth about $29,000. Global Assets Advisory LLC bought a new stake in Target during the second quarter worth about $31,000. Finally, WPG Advisers LLC bought a new stake in Target during the first quarter worth about $32,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.1%

Shares of NYSE:TGT opened at $94.34 on Friday. Target Corporation has a 52-week low of $85.36 and a 52-week high of $158.42. The firm has a market capitalization of $42.87 billion, a P/E ratio of 11.00, a P/E/G ratio of 2.74 and a beta of 1.18. The stock has a 50 day moving average price of $91.98 and a 200-day moving average price of $96.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating 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 company had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same quarter last year, the company earned $2.57 EPS. The firm’s revenue for the quarter 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, equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal 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 issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 4.8%. 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 payout ratio is presently 53.15%.

Analysts Set New Price Targets

TGT has been the subject of several research analyst reports. Jefferies Financial Group dropped their price target on Target from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. DA Davidson dropped their price target on Target from $115.00 to $108.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Truist Financial dropped their price target on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Target in a research note on Thursday, August 21st. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Target presently has an average rating of “Hold” and an average target price 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.