ProShare Advisors LLC Sells 125,962 Shares of Target Corporation $TGT

ProShare Advisors LLC lowered its stake in Target Corporation (NYSE:TGT) by 7.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,677,080 shares of the retailer’s stock after selling 125,962 shares during the period. ProShare Advisors LLC owned approximately 0.37% of Target worth $150,434,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFA of San Diego LLC acquired a new stake in shares of Target during the 2nd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Target in the 3rd quarter valued at $27,000. Tripletail Wealth Management LLC bought a new position in shares of Target in the 3rd quarter valued at $31,000. Key Financial Inc increased its stake in shares of Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after purchasing an additional 151 shares during the last quarter. Finally, VSM Wealth Advisory LLC raised its holdings in shares of Target by 1,113.8% during the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after buying an additional 323 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

TGT stock opened at $115.48 on Monday. The stock has a 50-day moving average price of $101.70 and a 200-day moving average price of $96.56. Target Corporation has a 1-year low of $83.44 and a 1-year high of $135.00. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. The firm has a market cap of $52.29 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 11.83 and a beta of 1.14.

Target (NYSE:TGT) last released its quarterly earnings data 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. Target had a net margin of 3.58% and a return on equity of 22.74%. The company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $25.44 billion. During the same quarter in the previous year, the business posted $1.85 EPS. Target’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 research analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed 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. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, February 11th. Target’s dividend payout ratio is 55.34%.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of recent analyst reports. TD Cowen decreased their target price on Target from $105.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, November 20th. Citigroup lowered their price objective on shares of Target from $100.00 to $89.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. BTIG Research initiated coverage on shares of Target in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price target on shares of Target in a research note on Thursday, December 18th. Ten analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.21.

Target 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.