Valley Wealth Managers Inc. Has $177,000 Holdings in Target Corporation $TGT

Valley Wealth Managers Inc. decreased its position in shares of Target Corporation (NYSE:TGT) by 97.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,972 shares of the retailer’s stock after selling 89,126 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Target were worth $177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Precedent Wealth Partners LLC increased its position in Target by 27.7% in the 2nd quarter. Precedent Wealth Partners LLC now owns 13,208 shares of the retailer’s stock valued at $1,303,000 after acquiring an additional 2,869 shares during the period. Mattern Capital Management LLC increased its holdings in Target by 7.6% in the second quarter. Mattern Capital Management LLC now owns 79,158 shares of the retailer’s stock valued at $7,809,000 after purchasing an additional 5,573 shares during the period. Northern Financial Advisors Inc acquired a new stake in Target in the second quarter valued at $370,000. CWM LLC raised its position in Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after purchasing an additional 11,378 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Target by 3.5% during the 2nd quarter. Yousif Capital Management LLC now owns 122,358 shares of the retailer’s stock worth $12,071,000 after buying an additional 4,110 shares during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of several recent research reports. Sanford C. Bernstein decreased their price target on Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research note on Thursday, November 20th. Roth Mkm set a $88.00 price target on shares of Target in a report on Thursday, November 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $125.00 price objective on shares of Target in a research note on Thursday, January 15th. Truist Financial increased their price objective on shares of Target from $83.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, November 20th. Finally, Piper Sandler reissued a “neutral” rating and set a $85.00 target price (down previously from $94.00) on shares of Target in a research note on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.03.

Target Stock Performance

Shares of TGT opened at $105.40 on Friday. Target Corporation has a one year low of $83.44 and a one year high of $140.39. The company has a market cap of $47.72 billion, a PE ratio of 12.79, a P/E/G ratio of 11.19 and a beta of 1.12. The stock has a 50-day moving average of $99.30 and a 200-day moving average of $96.37. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The business had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 EPS. 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 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, February 11th. Target’s payout ratio is currently 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.