D.A. Davidson & CO. Sells 4,905 Shares of Target Corporation $TGT

D.A. Davidson & CO. decreased its holdings in shares of Target Corporation (NYSE:TGT) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,689 shares of the retailer’s stock after selling 4,905 shares during the quarter. D.A. Davidson & CO.’s holdings in Target were worth $11,610,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Probity Advisors Inc. boosted its stake in Target by 29.9% during the 2nd quarter. Probity Advisors Inc. now owns 12,489 shares of the retailer’s stock valued at $1,232,000 after purchasing an additional 2,876 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Target by 26.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 292,694 shares of the retailer’s stock valued at $29,426,000 after purchasing an additional 61,074 shares during the period. Bogart Wealth LLC boosted its stake in Target by 8,222.8% during the 2nd quarter. Bogart Wealth LLC now owns 78,734 shares of the retailer’s stock valued at $7,767,000 after purchasing an additional 77,788 shares during the period. FLC Capital Advisors bought a new stake in Target during the 2nd quarter valued at approximately $759,000. Finally, LMG Wealth Partners LLC lifted its position in shares of Target by 26.5% in the 2nd quarter. LMG Wealth Partners LLC now owns 13,884 shares of the retailer’s stock worth $1,370,000 after acquiring an additional 2,912 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TGT shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Target in a research report on Wednesday, August 20th. Bank of America reiterated an “underperform” rating and issued a $93.00 price objective (down previously from $105.00) on shares of Target in a research report on Friday, August 15th. Evercore ISI reduced their price objective on Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Barclays reiterated an “underweight” rating and issued a $91.00 price objective on shares of Target in a research report on Monday, July 21st. Finally, Loop Capital set a $95.00 price objective on Target in a research report on Thursday, July 17th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and an average price target of $109.00.

Target Trading Down 0.4%

Shares of TGT opened at $94.04 on Thursday. Target Corporation has a 1 year low of $85.36 and a 1 year 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 stock has a 50 day simple moving average of $92.36 and a 200-day simple moving average of $96.31. The stock has a market cap of $42.73 billion, a PE ratio of 10.96, a PEG ratio of 2.75 and a beta of 1.18.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $24.84 billion. During the same period in the prior year, the firm posted $2.57 EPS. 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. On average, sell-side 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. Investors of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a yield of 4.8%. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is 53.15%.

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.