Target Corporation $TGT Shares Sold by Brookstone Capital Management

Brookstone Capital Management cut its position in shares of Target Corporation (NYSE:TGT) by 64.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,098 shares of the retailer’s stock after selling 9,092 shares during the quarter. Brookstone Capital Management’s holdings in Target were worth $503,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Raleigh Capital Management Inc. grew its holdings in shares of Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after acquiring an additional 102 shares during the last quarter. Kozak & Associates Inc. grew its holdings in shares of Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after acquiring an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. acquired a new position in shares of Target in the 2nd quarter worth $29,000. Global Assets Advisory LLC acquired a new position in shares of Target in the 2nd quarter worth $31,000. Finally, WPG Advisers LLC acquired a new position in shares of Target in the 1st quarter worth $32,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TGT. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 target price on shares of Target in a report on Wednesday, August 20th. Jefferies Financial Group decreased their target price on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, August 20th. Truist Financial decreased their target price on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a report on Friday. Finally, Wolfe Research initiated coverage on Target in a research report on Thursday, September 18th. They issued an “underperform” rating and a $80.00 target price for the company. 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.00.

Target Stock Performance

Shares of Target stock opened at $94.34 on Monday. The stock has a market cap of $42.87 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. Target Corporation has a 12 month low of $85.36 and a 12 month high of $158.42. 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 fifty day simple moving average of $91.98 and a 200-day simple moving average of $96.40.

Target (NYSE:TGT) last released its quarterly earnings data 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 analysts’ expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a yield of 4.8%. Target’s payout ratio is 53.15%.

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.