Target Corporation $TGT Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its stake in Target Corporation (NYSE:TGT) by 15.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,702 shares of the retailer’s stock after selling 2,499 shares during the period. Park Avenue Securities LLC’s holdings in Target were worth $1,352,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Kozak & Associates Inc. lifted its holdings in Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after buying an additional 253 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of Target during the 1st quarter valued at approximately $32,000. 1248 Management LLC bought a new position in Target during the first quarter worth $38,000. Atwood & Palmer Inc. boosted its holdings in Target by 951.4% in the first quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock worth $41,000 after purchasing an additional 352 shares during the period. Finally, Abound Financial LLC bought a new stake in Target during the first quarter valued at $43,000. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Piper Sandler restated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Evercore ISI cut their target price on shares of Target from $106.00 to $105.00 and set an “in-line” rating on the stock in a report on Tuesday. Wolfe Research assumed coverage on Target in a report on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price for the company. Jefferies Financial Group dropped their price target on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Finally, Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Nine investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $110.48.

Target Trading Down 1.3%

Shares of TGT stock opened at $87.16 on Friday. Target Corporation has a 1 year low of $86.30 and a 1 year high of $161.50. The firm has a market capitalization of $39.60 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. The stock has a fifty day moving average of $97.83 and a two-hundred day moving average of $98.25. 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 issued 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. The business had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently disclosed 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 5.2%. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target’s payout ratio is 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.