Keybank National Association OH Sells 17,851 Shares of Target Corporation $TGT

Keybank National Association OH cut its holdings in shares of Target Corporation (NYSE:TGT) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,442 shares of the retailer’s stock after selling 17,851 shares during the period. Keybank National Association OH’s holdings in Target were worth $13,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TGT. WFA of San Diego LLC purchased a new stake in shares of Target in the second quarter worth approximately $25,000. Heartwood Wealth Advisors LLC bought a new stake in Target during the third quarter worth $27,000. Global Assets Advisory LLC bought a new stake in Target during the second quarter worth $31,000. Tripletail Wealth Management LLC purchased a new stake in Target in the 3rd quarter valued at $31,000. Finally, VSM Wealth Advisory LLC lifted its stake in Target by 1,113.8% during the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock valued at $35,000 after acquiring an additional 323 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 2.5%

Target stock opened at $105.40 on Friday. 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 capitalization of $47.73 billion, a P/E ratio of 12.79, a P/E/G ratio of 11.19 and a beta of 1.12. The firm has a 50 day moving average price of $99.30 and a 200-day moving average price of $96.33. Target Corporation has a twelve month low of $83.44 and a twelve month high of $140.39.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 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 the consensus estimate of $25.44 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. Target’s revenue for the quarter was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 4.3%. Target’s dividend payout ratio (DPR) is 55.34%.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent analyst reports. Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada cut their price target on shares of Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Roth Mkm set a $88.00 price objective on shares of Target in a research note on Thursday, November 20th. Robert W. Baird dropped their target price on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. cut their target price on Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Target has an average rating of “Hold” and an average target price of $103.03.

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.