Target Corporation $TGT Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its position in shares of Target Corporation (NYSE:TGT) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,805 shares of the retailer’s stock after selling 193 shares during the period. Transcend Capital Advisors LLC’s holdings in Target were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raleigh Capital Management Inc. increased 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 buying an additional 102 shares during the last quarter. Kozak & Associates Inc. increased its holdings in shares of 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 buying an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target during the 2nd quarter worth approximately $29,000. Global Assets Advisory LLC acquired a new stake in shares of Target during the 2nd quarter worth approximately $31,000. Finally, WPG Advisers LLC acquired a new stake in shares of Target during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $94.14 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a 52 week low of $85.36 and a 52 week high of $158.42. The stock has a market capitalization of $42.78 billion, a PE ratio of 10.97, a P/E/G ratio of 2.83 and a beta of 1.18. The firm has a 50 day moving average of $91.58 and a two-hundred day moving average of $96.44.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS 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 analysts’ expectations of $24.84 billion. During the same quarter last year, the company posted $2.57 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, research analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TGT. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 target price on shares of Target in a report on Wednesday, August 20th. Barclays reiterated an “underweight” rating and issued a $91.00 target price on shares of Target in a report on Monday, July 21st. Piper Sandler reiterated a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Bank of America reiterated an “underperform” rating and issued a $93.00 target price (down previously from $105.00) on shares of Target in a report on Friday, August 15th. Finally, Wedbush reiterated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Target 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.