TD Waterhouse Canada Inc. Has $4.19 Million Stock Position in Target Corporation $TGT

TD Waterhouse Canada Inc. increased its position in shares of Target Corporation (NYSE:TGT) by 151.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,322 shares of the retailer’s stock after buying an additional 24,310 shares during the period. TD Waterhouse Canada Inc.’s holdings in Target were worth $4,185,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TGT. Raleigh Capital Management Inc. lifted its position in Target by 63.4% during 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. increased its stake in shares of Target by 2,530.0% in the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares during the period. Investment Research & Advisory Group Inc. acquired a new position in shares of Target during the 2nd quarter worth about $29,000. Global Assets Advisory LLC acquired a new position in shares of Target during the 2nd quarter worth about $31,000. Finally, WPG Advisers LLC bought a new stake in Target during the 1st quarter valued at approximately $32,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 2.8%

Shares of Target stock opened at $83.66 on Friday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $145.08. The firm has a market capitalization of $38.01 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The company’s fifty day moving average price is $90.18 and its two-hundred day moving average price is $95.93.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.07. The business had revenue of $25.28 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 5.5%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is currently 53.15%.

Wall Street Analyst Weigh In

TGT has been the topic of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $108.00 price target on shares of Target in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Roth Capital set a $88.00 target price on shares of Target in a research note on Thursday. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price target on shares of Target in a report on Friday, November 14th. Finally, BMO Capital Markets dropped their price objective on shares of Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $102.97.

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.