Comprehensive Financial Consultants Institutional Inc. Has $509,000 Stock Position in Target Corporation $TGT

Comprehensive Financial Consultants Institutional Inc. reduced its position in shares of Target Corporation (NYSE:TGT) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 5,164 shares of the retailer’s stock after selling 130 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Target were worth $509,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Target by 407.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after purchasing an additional 12,825,586 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in Target in the 2nd quarter worth approximately $595,839,000. Pacer Advisors Inc. grew its stake in Target by 1,364.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock worth $343,312,000 after buying an additional 3,065,035 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Target in the 1st quarter valued at $186,361,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Target by 35.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after purchasing an additional 1,406,653 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Barclays reissued an “underweight” rating and set a $91.00 price target on shares of Target in a research report on Monday, July 21st. Piper Sandler restated a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. Loop Capital set a $95.00 price target on shares of Target in a research note on Thursday, July 17th. Bank of America reiterated an “underperform” rating and issued a $93.00 price target (down from $105.00) on shares of Target in a research note on Friday, August 15th. Finally, Royal Bank Of Canada raised their price objective on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Nine equities research 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. According to data from MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $109.71.

Target Trading Down 0.5%

Target stock opened at $89.03 on Monday. The stock has a market cap of $40.46 billion, a P/E ratio of 10.38, a PEG ratio of 2.58 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 1 year low of $86.30 and a 1 year high of $161.50. The firm’s 50 day moving average price is $95.89 and its 200-day moving average price is $97.43.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.01. The firm 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 business posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.1%. Target’s dividend payout ratio (DPR) is 53.15%.

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.