Target Corporation $TGT Shares Sold by UMB Bank n.a.

UMB Bank n.a. lessened its holdings in shares of Target Corporation (NYSE:TGT) by 9.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 18,227 shares of the retailer’s stock after selling 1,815 shares during the quarter. UMB Bank n.a.’s holdings in Target were worth $1,798,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Centaurus Financial Inc. boosted its position in Target by 2.7% during the 4th quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer’s stock worth $514,000 after acquiring an additional 99 shares during the period. Guardian Wealth Advisors LLC lifted its holdings in shares of Target by 2.6% in the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock valued at $422,000 after buying an additional 104 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Target by 9.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after buying an additional 106 shares during the period. Truvestments Capital LLC lifted its holdings in shares of Target by 21.4% in the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock valued at $63,000 after buying an additional 107 shares during the period. Finally, Formidable Asset Management LLC lifted its holdings in shares of Target by 1.2% in the first quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer’s stock valued at $1,012,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $88.12 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target Corporation has a fifty-two week low of $87.35 and a fifty-two week high of $161.50. The stock’s 50-day moving average is $99.10 and its two-hundred day moving average is $98.78. The firm has a market cap of $40.04 billion, a P/E ratio of 10.27, a PEG ratio of 2.54 and a beta of 1.16.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share 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 company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same period in the prior year, the firm posted $2.57 EPS. The business’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. 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. Shareholders of record on Wednesday, November 12th will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is currently 53.15%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TGT shares. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Wolfe Research started coverage on Target in a report on Thursday. They issued an “underperform” rating and a $80.00 price objective for the company. Truist Financial upped their price objective on Target from $90.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Target in a report on Thursday, July 17th. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $112.69.

Target Company 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.