Krilogy Financial LLC Buys Shares of 8,441 Target Corporation $TGT

Krilogy Financial LLC purchased a new position in shares of Target Corporation (NYSE:TGT) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 8,441 shares of the retailer’s stock, valued at approximately $776,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. WFA of San Diego LLC acquired a new stake in Target during the 2nd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC bought a new position in shares of Target during the third quarter valued at $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Target during the third quarter worth $31,000. Key Financial Inc lifted its holdings in shares of Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares during the period. Finally, VSM Wealth Advisory LLC grew its stake in shares of Target by 1,113.8% in the second quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after purchasing an additional 323 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Roth Mkm set a $88.00 price objective on Target in a research report on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Target in a research note on Thursday, December 18th. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Finally, Robert W. Baird lowered their price target on shares of Target from $100.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $103.90.

Target Price Performance

Target stock opened at $115.61 on Friday. The stock has a market capitalization of $52.35 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 11.52 and a beta of 1.14. Target Corporation has a 52-week low of $83.44 and a 52-week high of $131.70. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The stock’s 50 day moving average price is $104.00 and its two-hundred day moving average price is $96.98.

Target (NYSE:TGT) last released 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 company had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. Target’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, equities analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, February 11th. Target’s dividend payout ratio is 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.