Target Corporation $TGT Shares Acquired by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas lifted its position in shares of Target Corporation (NYSE:TGT) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,161 shares of the retailer’s stock after acquiring an additional 831 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Target were worth $1,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raleigh Capital Management Inc. boosted its holdings in 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 buying an additional 102 shares in the last quarter. Kozak & Associates Inc. boosted its holdings in 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 buying an additional 253 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Target during the second quarter worth about $29,000. WPG Advisers LLC purchased a new stake in Target during the first quarter worth about $32,000. Finally, 1248 Management LLC purchased a new stake in Target during the first quarter worth about $38,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT opened at $89.82 on Wednesday. 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 company has a market capitalization of $40.81 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 2.56 and a beta of 1.16. The company’s 50 day simple moving average is $96.93 and its 200 day simple moving average is $97.80. Target Corporation has a 1 year low of $86.30 and a 1 year high of $161.50.

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, beating the consensus estimate of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.1%. 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 currently 53.15%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TGT shares. Bank of America reissued an “underperform” rating and set a $93.00 price objective (down previously from $105.00) on shares of Target in a report on Friday, August 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price target on shares of Target in a report on Wednesday, August 20th. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Finally, Loop Capital set a $95.00 price target on shares of Target in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.48.

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.