Target Corporation $TGT Shares Sold by Mattson Financial Services LLC

Mattson Financial Services LLC reduced its position in shares of Target Corporation (NYSE:TGT) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,488 shares of the retailer’s stock after selling 1,097 shares during the period. Mattson Financial Services LLC’s holdings in Target were worth $2,712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its stake in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in Target during the 1st quarter worth $436,000. Ritholtz Wealth Management grew its stake in Target by 46.6% during the 1st quarter. Ritholtz Wealth Management now owns 6,752 shares of the retailer’s stock worth $705,000 after buying an additional 2,147 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its stake in Target by 7.0% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 5,593 shares of the retailer’s stock worth $584,000 after buying an additional 365 shares during the last quarter. Finally, Prosperity Wealth Management Inc. bought a new position in Target during the 1st quarter worth $243,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TGT. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price objective on shares of Target in a research note on Wednesday, August 20th. Piper Sandler restated a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. Loop Capital set a $95.00 price objective on Target in a research note on Thursday, July 17th. Jefferies Financial Group lowered their price objective on Target from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Finally, UBS Group lowered their price objective on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Nine research 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. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and an average price target of $109.00.

Target Trading Down 1.0%

NYSE:TGT opened at $90.01 on Friday. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.97. The stock has a market cap of $40.90 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 2.65 and a beta of 1.18. The business has a fifty day moving average of $93.36 and a 200-day moving average of $96.51. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the prior year, the business posted $2.57 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities analysts predict that Target Corporation will post 8.69 earnings per share 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 is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s dividend payout ratio (DPR) 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.