Whitener Capital Management Inc. Has $464,000 Stake in Target Corporation $TGT

Whitener Capital Management Inc. decreased its position in Target Corporation (NYSE:TGT) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,700 shares of the retailer’s stock after selling 277 shares during the quarter. Whitener Capital Management Inc.’s holdings in Target were worth $464,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Kozak & Associates Inc. raised its holdings in shares of 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 in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Target in the 4th quarter valued at about $29,000. WPG Advisers LLC bought a new position in shares of Target in the 1st quarter worth about $32,000. 1248 Management LLC bought a new position in shares of Target in the 1st quarter worth about $38,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Target in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

NYSE TGT opened at $88.12 on Friday. The company has a 50-day simple moving average of $99.10 and a two-hundred day simple moving average of $98.89. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a 12-month low of $87.35 and a 12-month high of $161.50. The firm has a market cap of $40.04 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 2.54 and a beta of 1.16.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period in the prior year, the business posted $2.57 earnings per share. The company’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders 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 yield of 5.2%. Target’s dividend payout ratio (DPR) is currently 53.15%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Thursday, August 21st. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 target price on shares of Target in a research report on Wednesday, August 20th. Jefferies Financial Group decreased their target price on Target from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Ten analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $112.69.

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.