Franklin Street Advisors Inc. NC Acquires 433 Shares of Target Corporation $TGT

Franklin Street Advisors Inc. NC boosted its holdings in shares of Target Corporation (NYSE:TGT) by 10.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,572 shares of the retailer’s stock after acquiring an additional 433 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Target were worth $451,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. boosted its stake in shares of Target by 48.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 84,190 shares of the retailer’s stock valued at $8,786,000 after purchasing an additional 27,329 shares during the last quarter. DSG Capital Advisors LLC boosted its stake in shares of Target by 16.1% in the 1st quarter. DSG Capital Advisors LLC now owns 156,644 shares of the retailer’s stock valued at $16,347,000 after purchasing an additional 21,726 shares during the last quarter. Correct Capital Wealth Management boosted its stake in shares of Target by 44.7% in the 1st quarter. Correct Capital Wealth Management now owns 13,556 shares of the retailer’s stock valued at $1,415,000 after purchasing an additional 4,189 shares during the last quarter. PDT Partners LLC bought a new stake in shares of Target in the 1st quarter valued at $4,623,000. Finally, Mattern Capital Management LLC boosted its stake in shares of Target by 7.6% in the 2nd quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock valued at $7,809,000 after purchasing an additional 5,573 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

TGT opened at $89.03 on Friday. 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 company’s fifty day moving average price is $95.89 and its two-hundred day moving average price is $97.53. Target Corporation has a 1-year low of $86.30 and a 1-year high of $161.50. The company has a market cap of $40.46 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 2.58 and a beta of 1.18.

Target (NYSE:TGT) last released its quarterly earnings data 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 net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion for the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the prior year, the company posted $2.57 earnings per share. The business’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, analysts expect that Target Corporation will post 8.69 EPS 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 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is currently 53.15%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TGT shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price objective on shares of Target in a research note on Wednesday, August 20th. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Truist Financial dropped their target price on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday. Barclays reiterated an “underweight” rating and set a $91.00 target price on shares of Target in a research report on Monday, July 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research report on Saturday, September 27th. Nine research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $109.71.

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.