2,252 Shares in Target Corporation $TGT Acquired by Joule Financial LLC

Joule Financial LLC bought a new stake in Target Corporation (NYSE:TGT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,252 shares of the retailer’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Global Assets Advisory LLC acquired a new position in shares of Target during the second quarter worth $31,000. Beacon Financial Advisory LLC grew its position in Target by 5.8% during the 2nd quarter. Beacon Financial Advisory LLC now owns 5,916 shares of the retailer’s stock worth $584,000 after acquiring an additional 325 shares during the last quarter. Simplicity Wealth LLC acquired a new position in Target in the 2nd quarter worth about $577,000. OLD National Bancorp IN raised its position in Target by 46.3% in the second quarter. OLD National Bancorp IN now owns 117,568 shares of the retailer’s stock valued at $11,598,000 after purchasing an additional 37,221 shares during the last quarter. Finally, Berger Financial Group Inc boosted its stake in shares of Target by 3.6% during the second quarter. Berger Financial Group Inc now owns 6,116 shares of the retailer’s stock valued at $603,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $89.03 on Monday. 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 firm’s fifty day simple moving average is $95.89 and its two-hundred day simple moving average is $97.43. Target Corporation has a 12 month low of $86.30 and a 12 month high of $161.50. The stock has a market capitalization of $40.46 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. During the same period last year, the company posted $2.57 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be given a dividend of $1.14 per share. This is a positive change 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 dividend yield of 5.1%. Target’s payout ratio is 53.15%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TGT shares. Bank of America reaffirmed an “underperform” rating and issued a $93.00 price objective (down previously from $105.00) on shares of Target in a research note on Friday, August 15th. Barclays reissued an “underweight” rating and set a $91.00 target price on shares of Target in a report on Monday, July 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price target on shares of Target in a research note on Wednesday, August 20th. Piper Sandler reiterated a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Finally, Evercore ISI reduced their price objective on shares of Target from $106.00 to $105.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 23rd. Nine analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $109.71.

About Target

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.