Target Corporation $TGT Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC trimmed its holdings in shares of Target Corporation (NYSE:TGT) by 29.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,172 shares of the retailer’s stock after selling 1,755 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Target were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Target by 407.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after purchasing an additional 12,825,586 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Target during the second quarter worth $595,839,000. Goldman Sachs Group Inc. raised its holdings in shares of Target by 35.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after purchasing an additional 1,406,653 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Target by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock worth $542,020,000 after acquiring an additional 370,967 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Target by 6.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock worth $420,413,000 after acquiring an additional 229,670 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT opened at $94.04 on Thursday. Target Corporation has a 52-week low of $85.36 and a 52-week high of $158.42. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $92.36 and a 200 day moving average price of $96.31. The firm has a market capitalization of $42.73 billion, a PE ratio of 10.96, a P/E/G ratio of 2.75 and a beta of 1.18.

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. Target had a net margin of 3.72% and a return on equity of 23.43%. The company had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same quarter last year, the firm posted $2.57 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 4.8%. Target’s payout ratio is 53.15%.

Analysts Set New Price Targets

TGT has been the subject of several recent research reports. Wedbush restated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Jefferies Financial Group lowered their price target on shares of Target from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Guggenheim restated a “buy” rating and set a $115.00 price target on shares of Target in a research report on Thursday, August 21st. DA Davidson lowered their price target on shares of Target from $115.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Evercore ISI lowered their price target on shares of Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $109.00.

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.