DMKC Advisory Services LLC Raises Holdings in Target Corporation $TGT

DMKC Advisory Services LLC lifted its position in shares of Target Corporation (NYSE:TGT) by 53.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,466 shares of the retailer’s stock after purchasing an additional 5,770 shares during the period. DMKC Advisory Services LLC’s holdings in Target were worth $1,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Raleigh Capital Management Inc. lifted its position in Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares in the last quarter. Guardian Wealth Advisors LLC lifted its holdings in Target by 2.6% in the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after buying an additional 104 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Target by 9.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock worth $126,000 after acquiring an additional 106 shares in the last quarter. Truvestments Capital LLC boosted its stake in shares of Target by 21.4% during the 1st quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock valued at $63,000 after buying an additional 107 shares during the last quarter. Finally, Formidable Asset Management LLC grew its position in shares of Target by 1.2% during the first quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer’s stock worth $1,012,000 after buying an additional 111 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $110.00 price target on shares of Target in a report on Wednesday, August 20th. Royal Bank Of Canada boosted their target price on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Jefferies Financial Group cut their target price on shares of Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, August 20th. UBS Group decreased their price target on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Finally, Citigroup upped their price objective on Target from $94.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Nine research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $110.48.

Target Price Performance

Shares of TGT opened at $89.20 on Thursday. The stock has a fifty day moving average price of $96.56 and a 200 day moving average price of $97.74. The company has a market cap of $40.53 billion, a P/E ratio of 10.40, a PEG ratio of 2.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. Target Corporation has a 12 month low of $86.30 and a 12 month 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 analysts’ consensus estimates of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, research analysts forecast that Target Corporation will post 8.69 earnings per share for the current 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 given a dividend of $1.14 per share. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a yield of 5.1%. Target’s payout ratio is presently 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.