Choreo LLC Sells 2,715 Shares of Target Corporation $TGT

Choreo LLC lowered its stake in shares of Target Corporation (NYSE:TGT) by 10.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,979 shares of the retailer’s stock after selling 2,715 shares during the quarter. Choreo LLC’s holdings in Target were worth $2,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. boosted its stake in Target by 63.4% during the 2nd 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. Kozak & Associates Inc. lifted its holdings in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in shares of Target during the second quarter valued at $29,000. Global Assets Advisory LLC bought a new stake in Target in the 2nd quarter worth about $31,000. Finally, WPG Advisers LLC bought a new stake in Target in the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Evercore ISI restated a “positive” rating and set a $100.00 target price on shares of Target in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, October 8th. UBS Group dropped their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. TD Cowen cut their target price on shares of Target from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, November 20th. Finally, Sanford C. Bernstein lowered their price target on Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $102.00.

Target Stock Up 3.8%

NYSE TGT opened at $89.83 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $145.08. 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 company has a market capitalization of $40.82 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. The stock’s 50-day moving average price is $90.01 and its 200-day moving average price is $95.66.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Target had a return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same period in the previous year, the company posted $1.85 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.1%. Target’s dividend payout ratio is presently 55.34%.

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.