Target Corporation $TGT Holdings Decreased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. trimmed its position in Target Corporation (NYSE:TGT) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,437 shares of the retailer’s stock after selling 378 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Target were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TGT. Kozak & Associates Inc. increased its position in Target by 2,530.0% in 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. Raleigh Capital Management Inc. increased its position in Target by 63.4% in the second 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 period. Investment Research & Advisory Group Inc. acquired a new stake in Target in the second quarter worth $29,000. WPG Advisers LLC acquired a new stake in Target in the first quarter worth $32,000. Finally, Global Assets Advisory LLC acquired a new stake in Target in the second quarter worth $31,000. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Shares of NYSE TGT opened at $94.04 on Thursday. Target Corporation has a twelve month low of $85.36 and a twelve month high of $158.42. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average of $92.36 and a two-hundred day moving average of $96.31. The company has a market capitalization of $42.73 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 2.75 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share 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 analyst estimates of $24.84 billion. During the same quarter last year, the firm posted $2.57 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed 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 is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 4.8%. Target’s payout ratio is 53.15%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. BTIG Research started coverage on Target in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. DA Davidson decreased their price target on Target from $115.00 to $108.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Truist Financial decreased their price target on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Nine investment 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. According to data from MarketBeat.com, Target 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.