FourThought Financial Partners LLC Has $326,000 Holdings in Target Corporation $TGT

FourThought Financial Partners LLC decreased its stake in shares of Target Corporation (NYSE:TGT) by 92.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,301 shares of the retailer’s stock after selling 38,214 shares during the quarter. FourThought Financial Partners LLC’s holdings in Target were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of TGT. Vanguard Group Inc. raised its holdings in shares of Target by 14.7% during the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after purchasing an additional 6,607,982 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Target by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after purchasing an additional 277,176 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Target during the 2nd quarter worth $595,839,000. Goldman Sachs Group Inc. raised its holdings in shares of Target by 35.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after purchasing an additional 1,406,653 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Target by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after purchasing an additional 370,967 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $86.54 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The firm has a market cap of $39.32 billion, a PE ratio of 10.09, a PEG ratio of 2.74 and a beta of 1.19. Target Corporation has a 1 year low of $83.44 and a 1 year high of $145.08. The stock’s fifty day moving average price is $89.99 and its two-hundred day moving average price is $95.74.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.07. The business had revenue of $25.28 billion for the quarter, compared to analysts’ expectations of $25.44 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, equities research analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm 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 $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.3%. Target’s payout ratio is 55.34%.

Analyst Upgrades and Downgrades

Several research firms have commented on TGT. DA Davidson reiterated a “buy” rating and issued a $108.00 price objective on shares of Target in a research note on Thursday, November 20th. Roth Capital set a $88.00 price target on Target in a research report on Thursday, November 20th. Royal Bank Of Canada dropped their price target on Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Citigroup reduced their price objective on Target from $100.00 to $89.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Finally, Zacks Research cut Target from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Ten analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average target price of $102.00.

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.