Target Corporation $TGT Stock Holdings Boosted by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC raised its position in shares of Target Corporation (NYSE:TGT) by 19.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,553 shares of the retailer’s stock after purchasing an additional 412 shares during the quarter. AssuredPartners Investment Advisors LLC’s holdings in Target were worth $252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Applied Finance Capital Management LLC lifted its position in shares of Target by 41.2% during the 2nd quarter. Applied Finance Capital Management LLC now owns 171,213 shares of the retailer’s stock valued at $16,891,000 after acquiring an additional 49,943 shares during the last quarter. Sage Private Wealth Group LLC lifted its position in shares of Target by 83.7% during the 2nd quarter. Sage Private Wealth Group LLC now owns 4,182 shares of the retailer’s stock valued at $413,000 after acquiring an additional 1,906 shares during the last quarter. SilverOak Wealth Management LLC lifted its position in shares of Target by 91.1% during the 2nd quarter. SilverOak Wealth Management LLC now owns 10,572 shares of the retailer’s stock valued at $1,043,000 after acquiring an additional 5,040 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Target by 37.4% during the 2nd quarter. Nordea Investment Management AB now owns 1,983,424 shares of the retailer’s stock valued at $196,081,000 after acquiring an additional 540,187 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management lifted its position in shares of Target by 5.2% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 10,697 shares of the retailer’s stock valued at $1,055,000 after acquiring an additional 528 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $90.79 on Friday. 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 1 year low of $85.36 and a 1 year high of $158.42. The business has a fifty day simple moving average of $93.07 and a 200 day simple moving average of $96.42. The firm has a market cap of $41.25 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 2.62 and a beta of 1.18.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period last year, the company earned $2.57 earnings per share. Target’s quarterly revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, sell-side analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio is 53.15%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of recent research reports. Wall Street Zen upgraded Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. BTIG Research assumed coverage on Target in a research report on Tuesday. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Finally, Jefferies Financial Group reduced their target price on Target from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.