CSM Advisors LLC Increases Position in Target Corporation $TGT

CSM Advisors LLC increased its position in shares of Target Corporation (NYSE:TGT) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,896 shares of the retailer’s stock after acquiring an additional 4,170 shares during the period. CSM Advisors LLC’s holdings in Target were worth $7,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares during the period. Allworth Financial LP raised its stake in shares of Target by 0.9% in the first quarter. Allworth Financial LP now owns 33,420 shares of the retailer’s stock valued at $3,185,000 after acquiring an additional 287 shares in the last quarter. Xponance Inc. boosted its holdings in Target by 0.6% in the first quarter. Xponance Inc. now owns 71,872 shares of the retailer’s stock valued at $7,501,000 after purchasing an additional 425 shares during the period. Gateway Wealth Partners LLC boosted its holdings in Target by 33.0% in the first quarter. Gateway Wealth Partners LLC now owns 2,368 shares of the retailer’s stock valued at $247,000 after purchasing an additional 587 shares during the period. Finally, Kathmere Capital Management LLC grew its stake in Target by 13.7% during the 1st quarter. Kathmere Capital Management LLC now owns 2,889 shares of the retailer’s stock worth $301,000 after purchasing an additional 348 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TGT shares. Evercore ISI reduced their price target on Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. DA Davidson reduced their target price on shares of Target from $115.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Wedbush reiterated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, Royal Bank Of Canada raised their price objective on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Nine research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $109.00.

Target Stock Up 2.3%

TGT stock opened at $91.22 on Friday. The stock has a market cap of $41.45 billion, a P/E ratio of 10.63, a PEG ratio of 2.74 and a beta of 1.19. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a twelve month low of $85.36 and a twelve month high of $158.42. The company’s 50 day moving average is $90.77 and its two-hundred day moving average is $96.36.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating 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 firm had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same period last year, the firm posted $2.57 EPS. The company’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Research analysts expect that Target Corporation will post 8.69 earnings per share 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 given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. This is an increase from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target’s payout ratio is presently 53.15%.

About Target

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.