OLD Point Trust & Financial Services N A Sells 449 Shares of Target Corporation $TGT

OLD Point Trust & Financial Services N A lessened its holdings in Target Corporation (NYSE:TGT) by 3.7% in the second quarter, Holdings Channel reports. The firm owned 11,543 shares of the retailer’s stock after selling 449 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Target were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Target by 407.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after buying an additional 12,825,586 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Target during the 2nd quarter valued at $595,839,000. Goldman Sachs Group Inc. lifted its position in shares of Target by 35.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after buying an additional 1,406,653 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Target by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after buying an additional 370,967 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Target by 6.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock valued at $420,413,000 after buying an additional 229,670 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent research reports. Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Target in a research report on Thursday, August 21st. Wolfe Research initiated coverage on Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price target on the stock. Barclays reaffirmed an “underweight” rating and set a $91.00 price target on shares of Target in a research report on Monday, July 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price target on shares of Target in a research report on Wednesday, August 20th. Finally, Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Nine analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $110.48.

Target Stock Performance

NYSE:TGT opened at $89.82 on Wednesday. The business’s 50-day moving average price is $96.93 and its two-hundred day moving average price is $97.80. Target Corporation has a twelve month low of $86.30 and a twelve month high of $161.50. The stock has a market cap of $40.81 billion, a P/E ratio of 10.47, a PEG ratio of 2.56 and a beta of 1.16. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99.

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

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is 53.15%.

Target Company 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.