Live Oak Private Wealth LLC Buys 817 Shares of Target Corporation $TGT

Live Oak Private Wealth LLC increased its stake in shares of Target Corporation (NYSE:TGT) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,424 shares of the retailer’s stock after acquiring an additional 817 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Target were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its holdings in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. raised its holdings in Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after buying an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in Target during the 2nd quarter valued at $29,000. Global Assets Advisory LLC bought a new stake in Target during the 2nd quarter valued at $31,000. Finally, WPG Advisers LLC bought a new stake in Target during the 1st quarter valued at $32,000. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TGT. Truist Financial cut their price objective on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Citigroup raised their price target on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Royal Bank Of Canada lifted their price target on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Finally, UBS Group cut their price target on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.00.

Target Trading Down 3.1%

TGT opened at $94.14 on Thursday. The stock has a market cap of $42.78 billion, a PE ratio of 10.97, a PEG ratio of 2.83 and a beta of 1.18. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average of $91.58 and a 200-day moving average of $96.44. Target Corporation has a 52 week low of $85.36 and a 52 week high of $158.42.

Target (NYSE:TGT) last released 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. The company 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%.The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities research analysts predict 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 paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Wednesday, November 12th. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) 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.