Target Corporation $TGT Shares Purchased by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC raised its position in shares of Target Corporation (NYSE:TGT) by 19.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,553 shares of the retailer’s stock after buying an additional 412 shares during the quarter. AssuredPartners Investment Advisors LLC’s holdings in Target were worth $252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kozak & Associates Inc. grew its holdings in shares of Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of 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 purchasing an additional 102 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new position in shares of Target during the second quarter valued at approximately $29,000. WPG Advisers LLC bought a new position in shares of Target during the first quarter valued at approximately $32,000. Finally, Global Assets Advisory LLC bought a new position in shares of Target during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $90.79 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $93.07 and a 200-day simple moving average of $96.42. The company has a market cap of $41.25 billion, a PE ratio of 10.58, a P/E/G ratio of 2.62 and a beta of 1.18. Target Corporation has a 12-month low of $85.36 and a 12-month high of $158.42.

Target (NYSE:TGT) last issued its quarterly 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. The firm had revenue of $24.99 billion during 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 quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities research analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is 53.15%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Evercore ISI lowered their target price on Target from $103.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday. UBS Group lowered their target price on Target from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Guggenheim reiterated a “buy” rating and set a $115.00 price objective on shares of Target in a research report on Thursday, August 21st. Finally, Royal Bank Of Canada boosted their price objective on Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Target has an average rating of “Hold” and an average target price of $109.00.

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.