Allied Investment Advisors LLC Has $8.28 Million Stake in Target Corporation $TGT

Allied Investment Advisors LLC grew its stake in Target Corporation (NYSE:TGT) by 20.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,931 shares of the retailer’s stock after purchasing an additional 14,370 shares during the period. Allied Investment Advisors LLC’s holdings in Target were worth $8,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kozak & Associates Inc. grew its position in Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock worth $27,000 after purchasing an additional 253 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in shares of 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 acquiring an additional 102 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new stake in shares of Target during the 2nd quarter valued at about $29,000. WPG Advisers LLC acquired a new stake in shares of Target during the 1st quarter valued at about $32,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Target during the 2nd quarter valued at about $31,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TGT shares. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 target price on shares of Target in a research report on Wednesday, August 20th. Truist Financial cut their price target on shares of Target from $102.00 to $83.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Royal Bank Of Canada lifted their price target on shares of Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a report on Friday. Finally, Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned 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 a consensus price target of $109.00.

Target Trading Up 0.1%

TGT opened at $94.34 on Friday. The company has a market cap of $42.87 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The firm has a 50 day simple moving average of $91.98 and a 200 day simple moving average of $96.35. 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 fifty-two week low of $85.36 and a fifty-two week high of $158.42.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. The firm had revenue of $24.99 billion during 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 business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.57 earnings per share. 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 earnings per share for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, November 12th. Target’s dividend 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.