Target Corporation $TGT Stock Position Lifted by IMA Advisory Services Inc.

IMA Advisory Services Inc. grew its holdings in Target Corporation (NYSE:TGT) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,766 shares of the retailer’s stock after acquiring an additional 760 shares during the period. IMA Advisory Services Inc.’s holdings in Target were worth $1,457,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TGT. Raleigh Capital Management Inc. raised its stake in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Kozak & Associates Inc. increased its stake in Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in Target in the second quarter worth about $29,000. WPG Advisers LLC bought a new position in Target during the first quarter worth about $32,000. Finally, Global Assets Advisory LLC acquired a new stake in Target during the second quarter valued at approximately $31,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Guggenheim reissued a “buy” rating and issued a $115.00 target price on shares of Target in a report on Monday, October 27th. Piper Sandler reiterated a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. BTIG Research started coverage on shares of Target in a research note on Tuesday, October 14th. They issued a “neutral” rating on the stock. Loop Capital set a $95.00 target price on shares of Target in a research report on Thursday, July 17th. Finally, Jefferies Financial Group reduced their price target on shares of Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Target has an average rating of “Hold” and a consensus target price of $108.71.

Target Trading Down 0.5%

NYSE TGT opened at $90.78 on Tuesday. The stock’s 50 day moving average price is $90.67 and its two-hundred day moving average price is $96.36. Target Corporation has a 52 week low of $85.36 and a 52 week 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 stock has a market capitalization of $41.25 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 2.74 and a beta of 1.19.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) 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 company had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the prior year, the business posted $2.57 EPS. The business’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal 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 given a dividend of $1.14 per share. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is currently 53.15%.

Target Company 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.