Target Corporation $TGT Shares Sold by Optas LLC

Optas LLC reduced its holdings in Target Corporation (NYSE:TGT) by 10.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,310 shares of the retailer’s stock after selling 261 shares during the period. Optas LLC’s holdings in Target were worth $228,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its stake in shares of Target by 63.4% in the second 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. Kozak & Associates Inc. boosted its stake in shares of Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after acquiring an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target in the second quarter worth approximately $29,000. Global Assets Advisory LLC acquired a new stake in shares of Target in the second quarter worth approximately $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Target in the first quarter worth approximately $32,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

NYSE:TGT opened at $85.79 on Friday. Target Corporation has a 52 week low of $85.36 and a 52 week high of $161.50. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $38.98 billion, a P/E ratio of 10.00, a P/E/G ratio of 2.58 and a beta of 1.18. The stock’s fifty day moving average is $94.48 and its two-hundred day moving average is $96.95.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS 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 for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the previous year, the business earned $2.57 earnings per share. The company’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. Equities analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.3%. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is presently 53.15%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup boosted their price objective on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Jefferies Financial Group lowered their price objective on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, August 20th. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, UBS Group lowered 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. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $109.65.

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.