Target Corporation $TGT Shares Acquired by MMA Asset Management LLC

MMA Asset Management LLC boosted its position in Target Corporation (NYSE:TGT) by 44.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,418 shares of the retailer’s stock after acquiring an additional 1,048 shares during the quarter. MMA Asset Management LLC’s holdings in Target were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Kozak & Associates Inc. grew its holdings in shares of Target by 2,530.0% during 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 period. Raleigh Capital Management Inc. lifted its position in 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 in the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in Target during the second quarter worth approximately $29,000. WPG Advisers LLC acquired a new stake in shares of Target in the first quarter worth $32,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Target in the second quarter worth $31,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays restated an “underweight” rating and set a $91.00 target price on shares of Target in a report on Monday, July 21st. Wedbush reissued an “outperform” rating on shares of Target in a research report on Thursday, July 17th. UBS Group decreased their target price on Target from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. DA Davidson lowered their target price on Target from $115.00 to $108.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Truist Financial dropped their target price on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $109.00.

Target Price Performance

Shares of NYSE TGT opened at $92.92 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $158.42. The business has a 50 day moving average price of $91.37 and a two-hundred day moving average price of $96.48. The firm has a market cap of $42.22 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18.

Target (NYSE:TGT) last announced its earnings results 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. Target had a return on equity of 23.43% and a net margin of 3.72%.The company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same period in the prior year, the company posted $2.57 EPS. Target’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts expect 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. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 4.9%. This is an increase from Target’s previous quarterly dividend of $1.12. 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.