Arkadios Wealth Advisors Acquires 3,228 Shares of Target Corporation $TGT

Arkadios Wealth Advisors increased its holdings in shares of Target Corporation (NYSE:TGT) by 12.9% during the second quarter, HoldingsChannel.com reports. The fund owned 28,191 shares of the retailer’s stock after buying an additional 3,228 shares during the quarter. Arkadios Wealth Advisors’ holdings in Target were worth $2,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TGT. JNBA Financial Advisors raised its stake in shares of Target by 3.0% in the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock valued at $330,000 after buying an additional 96 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of Target by 63.4% in 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 period. Guardian Wealth Advisors LLC raised its stake in shares of Target by 2.6% in the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock valued at $422,000 after buying an additional 104 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in shares of Target by 9.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after buying an additional 106 shares during the period. Finally, Truvestments Capital LLC raised its stake in shares of Target by 21.4% in the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock valued at $63,000 after buying an additional 107 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TGT has been the topic of several research reports. Truist Financial lowered their target price on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Piper Sandler restated a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. Guggenheim restated a “buy” rating and set a $115.00 target price on shares of Target in a research report on Monday. BTIG Research began coverage on Target in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Finally, Jefferies Financial Group decreased their price objective on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $109.00.

Target Stock Performance

NYSE:TGT opened at $92.90 on Friday. 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 52-week low of $85.36 and a 52-week high of $158.42. The firm has a market cap of $42.21 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 2.74 and a beta of 1.18. The business’s fifty day moving average is $91.49 and its 200 day moving average is $96.42.

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 analysts’ consensus estimates of $2.04 by $0.01. The company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a yield of 4.9%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is currently 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.