Compass Wealth Management LLC Boosts Holdings in Target Corporation $TGT

Compass Wealth Management LLC boosted its stake in shares of Target Corporation (NYSE:TGT) by 275.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,331 shares of the retailer’s stock after purchasing an additional 9,779 shares during the period. Compass Wealth Management LLC’s holdings in Target were worth $1,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Target by 14.7% during the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after acquiring an additional 6,607,982 shares during the period. State Street Corp boosted its position in Target by 4.3% in the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock worth $3,624,016,000 after purchasing an additional 1,529,026 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Target by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after purchasing an additional 277,176 shares during the period. Norges Bank purchased a new position in shares of Target during the 2nd quarter valued at approximately $578,009,000. Finally, Invesco Ltd. lifted its stake in shares of Target by 9.6% in the 2nd quarter. Invesco Ltd. now owns 3,549,382 shares of the retailer’s stock valued at $350,146,000 after purchasing an additional 310,205 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target 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. Bank of America dropped their target price on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. Argus lowered their price target on Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, December 1st. Finally, Sanford C. Bernstein dropped their price objective 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 given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Target presently has a consensus rating of “Hold” and an average target price of $103.03.

Target Price Performance

NYSE:TGT opened at $104.10 on Tuesday. The stock has a 50 day moving average of $97.94 and a two-hundred day moving average of $96.28. Target Corporation has a 12 month low of $83.44 and a 12 month high of $145.08. The firm has a market cap of $47.14 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 11.76 and a beta of 1.12. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. Target had a net margin of 3.58% and a return on equity of 22.74%. The business had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. During the same period in the prior year, the business earned $1.85 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.4%. Target’s dividend payout ratio (DPR) is 55.34%.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.