Inlet Private Wealth LLC Has $2.38 Million Stake in Target Corporation $TGT

Inlet Private Wealth LLC grew its position in Target Corporation (NYSE:TGT) by 60.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,575 shares of the retailer’s stock after buying an additional 10,000 shares during the quarter. Inlet Private Wealth LLC’s holdings in Target were worth $2,384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares in the last quarter. Woodline Partners LP lifted its position in shares of Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after buying an additional 11,047 shares during the last quarter. Accurate Wealth Management LLC boosted its stake in Target by 6.5% in the second quarter. Accurate Wealth Management LLC now owns 2,965 shares of the retailer’s stock valued at $311,000 after buying an additional 182 shares in the last quarter. Ballentine Partners LLC boosted its stake in Target by 35.5% in the second quarter. Ballentine Partners LLC now owns 11,667 shares of the retailer’s stock valued at $1,151,000 after buying an additional 3,056 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new position in Target in the second quarter valued at about $347,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TGT shares. Argus dropped their target price on shares of Target from $135.00 to $125.00 and set a “buy” rating for the company in a report on Monday, December 1st. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price objective on shares of Target in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on shares of Target in a research report on Thursday, January 8th. Mizuho lowered their price target on shares of Target from $94.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Finally, DA Davidson set a $120.00 price target on Target in a research note on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $103.03.

Target Trading Up 1.4%

Shares of NYSE TGT opened at $108.04 on Friday. The firm has a 50 day moving average price of $97.63 and a two-hundred day moving average price of $96.37. The stock has a market cap of $48.92 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 11.58 and a beta of 1.12. Target Corporation has a 52-week low of $83.44 and a 52-week high of $145.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. The company had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. Target’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. As a group, equities analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 annualized dividend and a dividend yield of 4.2%. Target’s dividend payout ratio is presently 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.