Sage Private Wealth Group LLC Grows Stock Holdings in Target Corporation $TGT

Sage Private Wealth Group LLC lifted its position in Target Corporation (NYSE:TGT) by 83.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,182 shares of the retailer’s stock after buying an additional 1,906 shares during the period. Sage Private Wealth Group LLC’s holdings in Target were worth $413,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TGT. JNBA Financial Advisors grew its holdings in Target by 3.0% in the 2nd quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after buying an additional 96 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after acquiring an additional 102 shares during the period. Guardian Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of 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 acquiring an additional 106 shares during the last quarter. Finally, Truvestments Capital LLC grew its holdings in shares of Target by 21.4% in the first 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TGT shares. Loop Capital set a $95.00 price objective on shares of Target in a research report on Thursday, July 17th. Wedbush reissued an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Wolfe Research assumed coverage on shares of Target in a report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price target for the company. Jefferies Financial Group decreased their price objective on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, August 20th. Finally, Citigroup increased 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. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $109.00.

Target Stock Performance

Shares of TGT stock opened at $90.01 on Friday. 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 firm has a market cap of $40.90 billion, a P/E ratio of 10.49, a P/E/G ratio of 2.65 and a beta of 1.18. The firm’s 50 day moving average price is $93.36 and its 200-day moving average price is $96.51. Target Corporation has a one year low of $85.36 and a one year high of $158.97.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $24.84 billion. During the same quarter in the previous year, the company earned $2.57 earnings per share. The firm’s quarterly 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, equities research 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. Investors of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio 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.