Target Corporation $TGT Shares Sold by Mendel Money Management

Mendel Money Management decreased its position in shares of Target Corporation (NYSE:TGT) by 7.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,192 shares of the retailer’s stock after selling 336 shares during the quarter. Mendel Money Management’s holdings in Target were worth $414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. Brighton Jones LLC boosted its position in shares of Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after acquiring an additional 3,059 shares during the last quarter. Amalgamated Bank raised its holdings in Target by 1.3% in the 1st quarter. Amalgamated Bank now owns 89,558 shares of the retailer’s stock valued at $9,346,000 after buying an additional 1,178 shares during the period. DSG Capital Advisors LLC raised its holdings in Target by 16.1% in the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock valued at $16,347,000 after buying an additional 21,726 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in Target by 3.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 8,177 shares of the retailer’s stock valued at $853,000 after buying an additional 273 shares during the period. Finally, Alta Advisers Ltd raised its holdings in Target by 58.8% in the 1st quarter. Alta Advisers Ltd now owns 2,431 shares of the retailer’s stock valued at $254,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 0.7%

Shares of NYSE:TGT opened at $97.06 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The firm has a market capitalization of $44.10 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 2.85 and a beta of 1.18. The firm’s 50-day moving average is $91.67 and its two-hundred day moving average is $96.43. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $24.84 billion. During the same period in the prior year, the firm earned $2.57 earnings per share. The business’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. 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. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.7%. Target’s payout ratio is currently 53.15%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TGT shares. Wedbush restated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Truist Financial reduced their price objective on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Barclays restated an “underweight” rating and issued a $91.00 price objective on shares of Target in a report on Monday, July 21st. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 price objective on shares of Target in a report on Wednesday, August 20th. Finally, Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $109.00.

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.