Prospera Financial Services Inc Trims Position in Target Corporation $TGT

Prospera Financial Services Inc decreased its holdings in Target Corporation (NYSE:TGT) by 56.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,602 shares of the retailer’s stock after selling 25,323 shares during the quarter. Prospera Financial Services Inc’s holdings in Target were worth $1,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. lifted its position in shares of Target by 32.3% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after purchasing an additional 98 shares during the period. OMERS ADMINISTRATION Corp raised its stake in Target by 0.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after buying an additional 100 shares in the last quarter. Binnacle Investments Inc lifted its holdings in Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after buying an additional 104 shares during the period. IFG Advisory LLC boosted its position in Target by 1.4% during the 2nd quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock valued at $729,000 after acquiring an additional 105 shares in the last quarter. Finally, Empirical Finance LLC grew its holdings 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 during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TGT. Evercore ISI set a $103.00 price target on Target in a research report on Tuesday. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price objective on shares of Target in a research report on Thursday, December 18th. Roth Mkm set a $88.00 target price on shares of Target in a research report on Thursday, November 20th. Piper Sandler reissued a “neutral” rating and set a $85.00 price target (down from $94.00) on shares of Target in a research report on Thursday, November 20th. Finally, Robert W. Baird dropped their price objective on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Target has an average rating of “Hold” and a consensus target price of $103.90.

Target Price Performance

Shares of TGT opened at $115.61 on Friday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $131.70. The company has a market capitalization of $52.35 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 11.52 and a beta of 1.14. The firm has a 50 day moving average of $104.00 and a 200 day moving average of $96.98. 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 (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. Target had a return on equity of 22.74% and a net margin of 3.58%.The business had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. During the same period last year, the business posted $1.85 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities research analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. Target’s payout ratio is 55.34%.

Target Profile

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.