Krilogy Financial LLC Takes $776,000 Position in Target Corporation $TGT

Krilogy Financial LLC bought a new position in shares of Target Corporation (NYSE:TGT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,441 shares of the retailer’s stock, valued at approximately $776,000.

Several other institutional investors have also added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new stake in shares of Target during the second quarter worth $25,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Target in the third quarter valued at about $27,000. Tripletail Wealth Management LLC bought a new position in Target during the third quarter worth about $31,000. Key Financial Inc raised its stake in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares in the last quarter. Finally, VSM Wealth Advisory LLC raised its stake in Target by 1,113.8% in the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after purchasing an additional 323 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TGT. TD Cowen lowered their target price on shares of Target from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. DA Davidson set a $120.00 price target on Target in a research report on Monday, January 12th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Mizuho cut their target price on Target from $94.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Finally, Truist Financial raised their price target on Target from $83.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $103.90.

Target Stock Performance

NYSE:TGT opened at $115.61 on Friday. The stock’s 50-day simple moving average is $104.00 and its 200 day simple moving average is $96.98. The firm has a market capitalization of $52.35 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 11.52 and a beta of 1.14. 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 Corporation has a twelve month low of $83.44 and a twelve month high of $131.70.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping 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 firm had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business 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 is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. Target’s dividend payout ratio (DPR) is currently 55.34%.

Target Company 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.