Community Bank N.A. Has $2.37 Million Stake in Target Corporation $TGT

Community Bank N.A. increased its stake in shares of Target Corporation (NYSE:TGT) by 11.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 24,012 shares of the retailer’s stock after acquiring an additional 2,461 shares during the period. Community Bank N.A.’s holdings in Target were worth $2,369,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. JNBA Financial Advisors boosted its stake in Target by 3.0% during the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after purchasing an additional 96 shares during the period. Raleigh Capital Management Inc. boosted 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 period. Guardian Wealth Advisors LLC boosted its stake in Target by 2.6% during the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock valued at $422,000 after purchasing an additional 104 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in Target by 9.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after purchasing an additional 106 shares during the period. Finally, Truvestments Capital LLC boosted its stake in Target by 21.4% during the 1st quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock valued at $63,000 after purchasing an additional 107 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of research reports. Piper Sandler reiterated a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Citigroup raised their price objective on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Evercore ISI reduced their price objective on Target from $105.00 to $103.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. Jefferies Financial Group reduced their price objective 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, Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Nine analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.10.

Target Price Performance

Target stock opened at $87.29 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The company has a market capitalization of $39.66 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. Target Corporation has a one year low of $85.36 and a one year high of $161.50. The business has a 50 day simple moving average of $94.23 and a 200 day simple moving average of $96.71.

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

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a yield of 5.2%. This is a positive change from Target’s previous quarterly dividend of $1.12. 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.