CW Advisors LLC Boosts Holdings in Target Corporation $TGT

CW Advisors LLC increased its position in shares of Target Corporation (NYSE:TGT) by 236.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,682 shares of the retailer’s stock after buying an additional 19,447 shares during the quarter. CW Advisors LLC’s holdings in Target were worth $2,731,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TGT. JNBA Financial Advisors increased its stake in Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after acquiring an additional 96 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in shares of Target by 32.3% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after purchasing an additional 98 shares during the last quarter. OMERS ADMINISTRATION Corp increased its position in shares of Target by 0.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after purchasing an additional 100 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of 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 purchasing an additional 102 shares during the last quarter. Finally, IFG Advisory LLC raised its holdings in Target by 1.4% in the 2nd quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock valued at $729,000 after buying an additional 105 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TGT. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 target price on shares of Target in a research note on Friday, November 14th. Mizuho lowered their price objective on shares of Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Robert W. Baird cut their target price on Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Finally, Cowen restated a “hold” rating on shares of Target in a research report on Monday, November 10th. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $102.79.

Target Stock Performance

NYSE:TGT opened at $92.19 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $145.08. The company has a fifty day simple moving average of $90.45 and a two-hundred day simple moving average of $95.36. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The company has a market cap of $41.74 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 10.03 and a beta of 1.13.

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 the consensus estimate of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The business had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. During the same period last year, the firm earned $1.85 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were given a dividend of $1.14 per share. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, November 12th. Target’s dividend payout ratio is presently 55.34%.

Target 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.