Private Trust Co. NA Has $775,000 Position in Target Corporation $TGT

Private Trust Co. NA lessened its holdings in shares of Target Corporation (NYSE:TGT) by 30.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,859 shares of the retailer’s stock after selling 3,488 shares during the quarter. Private Trust Co. NA’s holdings in Target were worth $775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Raleigh Capital Management Inc. increased its stake in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares in the last quarter. Kozak & Associates Inc. increased its stake in Target by 2,530.0% during 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. bought a new stake in Target during the 2nd quarter valued at $29,000. Global Assets Advisory LLC bought a new stake in Target during the 2nd quarter valued at $31,000. Finally, WPG Advisers LLC bought a new stake in Target during the 1st quarter valued at $32,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TGT. Royal Bank Of Canada boosted their price target on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. BTIG Research began coverage on shares of Target in a research note on Tuesday. They issued a “neutral” rating for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. Barclays reiterated an “underweight” rating and issued a $91.00 target price on shares of Target in a research note on Monday, July 21st. Finally, Guggenheim reiterated a “buy” rating and issued a $115.00 target price on shares of Target in a research note on Thursday, August 21st. Nine analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $109.00.

Target Price Performance

TGT opened at $90.79 on Friday. The firm has a market cap of $41.25 billion, a P/E ratio of 10.58, a PEG ratio of 2.64 and a beta of 1.18. The firm has a 50-day moving average of $93.07 and a 200 day moving average of $96.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $158.42.

Target (NYSE:TGT) last posted 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. The company had revenue of $24.99 billion during 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%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors 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 yield of 5.0%. Target’s dividend payout ratio (DPR) is currently 53.15%.

About Target

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.