Target Corporation $TGT Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its position in shares of Target Corporation (NYSE:TGT) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,562 shares of the retailer’s stock after selling 1,645 shares during the quarter. Foster & Motley Inc.’s holdings in Target were worth $3,607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JNBA Financial Advisors grew its holdings in shares of Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after purchasing an additional 96 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Guardian Wealth Advisors LLC grew its holdings in shares of Target by 2.6% during the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock valued at $422,000 after purchasing an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Target by 9.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after purchasing an additional 106 shares during the last quarter. Finally, Truvestments Capital LLC grew its holdings in shares of Target by 21.4% during the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock valued at $63,000 after purchasing an additional 107 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $90.79 on Friday. Target Corporation has a 12-month low of $85.36 and a 12-month high of $158.42. The firm has a market capitalization of $41.25 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 2.64 and a beta of 1.18. The business has a 50 day simple moving average of $93.07 and a 200 day simple moving average of $96.36. 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 (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. 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 dividend payout ratio is 53.15%.

Analysts Set New Price Targets

TGT has been the subject of several recent research reports. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. DA Davidson lowered their target price on Target from $115.00 to $108.00 and set a “buy” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. BTIG Research assumed coverage on Target in a report on Tuesday. They set a “neutral” rating for the company. Finally, Loop Capital set a $95.00 price objective on Target in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $109.00.

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.