Stratos Wealth Advisors LLC Has $833,000 Stock Position in Target Corporation $TGT

Stratos Wealth Advisors LLC lessened its stake in Target Corporation (NYSE:TGT) by 3.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,444 shares of the retailer’s stock after selling 275 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Target were worth $833,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Raleigh Capital Management Inc. increased its holdings in 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 in the last quarter. Kozak & Associates Inc. boosted its position in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after buying an additional 253 shares during the period. Investment Research & Advisory Group Inc. bought a new position in shares of Target during the second quarter worth about $29,000. Global Assets Advisory LLC acquired a new stake in Target in the 2nd quarter valued at approximately $31,000. Finally, WPG Advisers LLC bought a new stake in Target in the 1st quarter valued at approximately $32,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.8%

Target stock opened at $90.79 on Friday. 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 company’s 50-day moving average is $93.07 and its 200-day moving average is $96.36. The firm has a market capitalization of $41.25 billion, a PE ratio of 10.58, a P/E/G ratio of 2.64 and a beta of 1.18. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $158.42.

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

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. Target’s dividend payout ratio (DPR) is currently 53.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wolfe Research initiated coverage on shares of Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 price target for the company. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Bank of America reiterated an “underperform” rating and issued a $93.00 price target (down from $105.00) on shares of Target in a research note on Friday, August 15th. Wedbush restated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Finally, BTIG Research began coverage on Target in a report on Tuesday. They issued a “neutral” rating for the company. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.00.

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.