FSM Wealth Advisors LLC Makes New Investment in Target Corporation $TGT

FSM Wealth Advisors LLC acquired a new position in Target Corporation (NYSE:TGT) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,384 shares of the retailer’s stock, valued at approximately $242,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kozak & Associates Inc. lifted its position in Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after acquiring an additional 253 shares during the last quarter. Raleigh Capital Management Inc. lifted its position 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 purchasing an additional 102 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Target during the 2nd quarter valued at approximately $29,000. WPG Advisers LLC bought a new stake in Target during the 1st quarter valued at approximately $32,000. Finally, Global Assets Advisory LLC acquired a new stake in Target in the 2nd quarter valued at approximately $31,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on TGT. Citigroup upped their price target on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Royal Bank Of Canada raised their price target on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Truist Financial cut their price objective on shares of Target from $102.00 to $83.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, BTIG Research initiated coverage on Target in a research note on Tuesday, October 14th. They set a “neutral” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $109.00.

Target Stock Up 0.2%

Shares of TGT opened at $94.22 on Friday. 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 company has a 50-day moving average price of $92.16 and a two-hundred day moving average price of $96.31. The stock has a market cap of $42.81 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 2.74 and a beta of 1.18. Target Corporation has a 12 month low of $85.36 and a 12 month high of $158.42.

Target (NYSE:TGT) last released 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 company had revenue of $24.99 billion for the quarter, compared to analyst estimates 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 posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 4.8%. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is presently 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.