Target Corporation $TGT Shares Sold by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC decreased its position in shares of Target Corporation (NYSE:TGT) by 58.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,945 shares of the retailer’s stock after selling 8,197 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in Target were worth $586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kozak & Associates Inc. lifted its holdings in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares during the period. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares during the period. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target during the second quarter worth about $29,000. WPG Advisers LLC acquired a new stake in shares of Target during the first quarter worth about $32,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Target during the second quarter worth about $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 0.8%

Shares of TGT stock opened at $91.61 on Tuesday. 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 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. The stock has a 50 day simple moving average of $92.82 and a 200-day simple moving average of $96.34. Target Corporation has a 1-year low of $85.36 and a 1-year high of $158.42.

Target (NYSE:TGT) last announced its earnings results 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. The business had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. 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 annualized dividend and a dividend yield of 5.0%. Target’s dividend payout ratio (DPR) is presently 53.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Loop Capital set a $95.00 price target on Target in a report on Thursday, July 17th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. BTIG Research assumed coverage on Target in a report on Tuesday, October 14th. They issued a “neutral” rating for the company. Barclays reissued an “underweight” rating and issued a $91.00 price target on shares of Target in a report on Monday, July 21st. Finally, Royal Bank Of Canada boosted 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. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and an average price target of $109.00.

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.