LS Investment Advisors LLC Purchases 1,380 Shares of Target Corporation $TGT

LS Investment Advisors LLC increased its holdings in shares of Target Corporation (NYSE:TGT) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,290 shares of the retailer’s stock after buying an additional 1,380 shares during the quarter. LS Investment Advisors LLC’s holdings in Target were worth $1,804,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TGT. Kozak & Associates Inc. boosted its stake in Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares during the period. WPG Advisers LLC acquired a new stake in shares of Target in the 1st quarter valued at about $32,000. Mascagni Wealth Management Inc. bought a new stake in shares of Target in the fourth quarter valued at about $49,000. 1248 Management LLC acquired a new position in shares of Target during the first quarter worth about $38,000. Finally, Atwood & Palmer Inc. boosted its position in shares of Target by 951.4% during the first quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock worth $41,000 after buying an additional 352 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE TGT opened at $87.16 on Friday. The firm has a market capitalization of $39.60 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average price is $97.83 and its two-hundred day moving average price is $98.25. Target Corporation has a 1 year low of $86.30 and a 1 year high of $161.50.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.01. The company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. Target’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is currently 53.15%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TGT. Piper Sandler reissued a “neutral” rating on shares of Target in a research report on Tuesday, July 29th. Loop Capital set a $95.00 price target on shares of Target in a research note on Thursday, July 17th. Jefferies Financial Group lowered their price objective on shares of Target from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, August 20th. Wedbush restated an “outperform” rating on shares of Target in a report on Thursday, July 17th. Finally, Truist Financial raised their target price on shares of Target from $90.00 to $107.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Nine investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $110.48.

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.