Target Corporation $TGT Shares Sold by Quent Capital LLC

Quent Capital LLC lowered its position in Target Corporation (NYSE:TGT) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,272 shares of the retailer’s stock after selling 129 shares during the quarter. Quent Capital LLC’s holdings in Target were worth $224,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TGT. Raleigh Capital Management Inc. lifted its holdings in Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares in the last quarter. Kozak & Associates Inc. raised its stake in shares of Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target in the 2nd quarter valued at about $29,000. WPG Advisers LLC acquired a new stake in shares of Target in the 1st quarter valued at about $32,000. Finally, 1248 Management LLC acquired a new stake in shares of Target in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $89.03 on Friday. Target Corporation has a fifty-two week low of $86.30 and a fifty-two week high of $161.50. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The company has a market cap of $40.46 billion, a PE ratio of 10.38, a P/E/G ratio of 2.57 and a beta of 1.18. The firm has a 50-day simple moving average of $95.89 and a 200 day simple moving average of $97.48.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The firm had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. Target’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side 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. Shareholders of record on Wednesday, November 12th will be given a $1.14 dividend. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.1%. Target’s payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their target price on shares of Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 21st. Barclays restated an “underweight” rating and issued a $91.00 target price on shares of Target in a research note on Monday, July 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. Wedbush restated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $110.00 target price on shares of Target in a research note on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average price target of $109.71.

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.