Target Corporation $TGT Holdings Boosted by Community Bank of Raymore

Community Bank of Raymore boosted its holdings in Target Corporation (NYSE:TGT) by 58.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,310 shares of the retailer’s stock after acquiring an additional 3,050 shares during the period. Community Bank of Raymore’s holdings in Target were worth $820,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TGT. Raleigh Capital Management Inc. raised its holdings in shares of 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 during the last quarter. Kozak & Associates Inc. raised its holdings in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after buying an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Target during the second quarter valued at approximately $29,000. Global Assets Advisory LLC bought a new stake in shares of Target during the second quarter valued at approximately $31,000. Finally, WPG Advisers LLC bought a new stake in shares of Target during the first quarter valued at approximately $32,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.8%

Target stock opened at $90.79 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99. The firm has a market cap of $41.25 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 2.64 and a beta of 1.18. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42. The firm’s 50 day moving average price is $93.07 and its two-hundred day moving average price is $96.37.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion for 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 quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, research 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 given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 5.0%. This is a positive change from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. Target’s dividend payout ratio (DPR) is presently 53.15%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, August 20th. Loop Capital set a $95.00 price objective on shares of Target in a research note on Thursday, July 17th. Guggenheim reiterated a “buy” rating and set a $115.00 price objective on shares of Target in a research note on Thursday, August 21st. UBS Group lowered their price objective 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. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price objective on shares of Target in a research note on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $109.00.

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.