Capital Investment Counsel Inc Has $2.01 Million Holdings in Target Corporation $TGT

Capital Investment Counsel Inc increased its position in shares of Target Corporation (NYSE:TGT) by 9.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 20,363 shares of the retailer’s stock after buying an additional 1,829 shares during the period. Capital Investment Counsel Inc’s holdings in Target were worth $2,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raleigh Capital Management Inc. grew its holdings in Target by 63.4% during the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after acquiring an additional 102 shares during the period. Kozak & Associates Inc. boosted its position in shares of Target by 2,530.0% during the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after purchasing an additional 253 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Target during the 2nd quarter valued at about $29,000. Global Assets Advisory LLC acquired a new stake in Target during the second quarter worth approximately $31,000. Finally, WPG Advisers LLC acquired a new stake in Target during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several recent analyst reports. Piper Sandler reissued a “neutral” rating on shares of Target in a research note on Tuesday, July 29th. Wedbush reiterated an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Evercore ISI dropped their target price on shares of Target from $103.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. JPMorgan Chase & Co. cut their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Wall Street Zen upgraded shares of Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Nine research analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $108.71.

Target Stock Up 0.4%

Shares of NYSE TGT opened at $91.92 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The company has a 50-day moving average price of $90.64 and a 200-day moving average price of $96.29. The stock has a market capitalization of $41.77 billion, a P/E ratio of 10.71, a P/E/G ratio of 2.74 and a beta of 1.19. Target Corporation has a 1 year low of $85.36 and a 1 year high of $158.42.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same quarter in the prior year, the business posted $2.57 EPS. The firm’s revenue was down .9% compared to the same quarter last year. 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 fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. Target’s payout ratio is presently 53.15%.

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.