Edmp Inc. Takes $251,000 Position in Target Corporation $TGT

Edmp Inc. bought a new stake in Target Corporation (NYSE:TGT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,545 shares of the retailer’s stock, valued at approximately $251,000.

A number of other large investors also recently bought and sold shares of TGT. Raleigh Capital Management Inc. lifted its position in Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. lifted its position 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 buying an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new position in Target in the second quarter valued at about $29,000. Global Assets Advisory LLC acquired a new position in Target in the second quarter valued at about $31,000. Finally, WPG Advisers LLC acquired a new position in Target in the first quarter valued at about $32,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

TGT stock opened at $87.29 on Tuesday. The company has a market capitalization of $39.66 billion, a P/E ratio of 10.17, a PEG ratio of 2.48 and a beta of 1.18. Target Corporation has a twelve month low of $85.36 and a twelve month 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. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating 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%.The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.2%. Target’s dividend payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Loop Capital set a $95.00 price target on shares of Target in a research note on Thursday, July 17th. Royal Bank Of Canada boosted their price target on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Target in a research note on Thursday, August 21st. Finally, Bank of America reiterated an “underperform” rating and set a $93.00 price target (down from $105.00) on shares of Target in a research note on Friday, August 15th. Nine investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.10.

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.