Target Corporation $TGT Shares Sold by IMA Advisory Services Inc.

IMA Advisory Services Inc. lessened its holdings in shares of Target Corporation (NYSE:TGT) by 71.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,273 shares of the retailer’s stock after selling 10,493 shares during the quarter. IMA Advisory Services Inc.’s holdings in Target were worth $383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TGT. Pin Oak Investment Advisors Inc. raised its position in shares of Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after buying an additional 98 shares in the last quarter. OMERS ADMINISTRATION Corp grew its stake in shares of Target by 0.6% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after purchasing an additional 100 shares during the last quarter. Binnacle Investments Inc raised its holdings in shares of Target by 11.4% in the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after purchasing an additional 104 shares in the last quarter. IFG Advisory LLC boosted its holdings in Target by 1.4% during the second quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock worth $729,000 after buying an additional 105 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in shares of Target by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 16,271 shares of the retailer’s stock worth $1,605,000 after acquiring an additional 109 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TGT shares. Truist Financial lifted their target price on shares of Target from $83.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, November 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 target price on shares of Target in a research note on Wednesday. Royal Bank Of Canada lowered their price target on Target from $107.00 to $99.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. Finally, Piper Sandler restated a “neutral” rating and issued a $85.00 target price (down from $94.00) on shares of Target in a research note on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $103.90.

Target Price Performance

Shares of TGT stock opened at $112.63 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. Target Corporation has a 12-month low of $83.44 and a 12-month high of $131.70. The firm has a fifty day moving average of $103.53 and a 200-day moving average of $96.91. The firm has a market capitalization of $51.00 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 11.71 and a beta of 1.14.

Target (NYSE:TGT) last posted its earnings results 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 firm had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.85 earnings per share. 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 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, February 11th. Target’s dividend payout ratio is currently 55.34%.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.