Comprehensive Financial Consultants Institutional Inc. Sells 130 Shares of Target Corporation $TGT

Comprehensive Financial Consultants Institutional Inc. lessened its holdings in Target Corporation (NYSE:TGT) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,164 shares of the retailer’s stock after selling 130 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Target were worth $509,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in Target by 407.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after acquiring an additional 12,825,586 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Target during the second quarter worth $595,839,000. Goldman Sachs Group Inc. raised its holdings in shares of Target by 35.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock worth $560,420,000 after acquiring an additional 1,406,653 shares during the period. Dimensional Fund Advisors LP increased its stake in Target by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after buying an additional 370,967 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Target by 6.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock valued at $420,413,000 after buying an additional 229,670 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $89.03 on Monday. The firm has a 50 day moving average of $95.89 and a 200-day moving average of $97.43. The stock has a market capitalization of $40.46 billion, a PE ratio of 10.38, a PEG ratio of 2.58 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. Target Corporation has a 12 month low of $86.30 and a 12 month high of $161.50.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. The company had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities research analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a dividend yield of 5.1%. Target’s payout ratio is 53.15%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Bank of America reaffirmed an “underperform” rating and set a $93.00 target price (down previously from $105.00) on shares of Target in a report on Friday, August 15th. Barclays reaffirmed an “underweight” rating and set a $91.00 target price on shares of Target in a report on Monday, July 21st. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Evercore ISI reduced their target price on shares of Target from $106.00 to $105.00 and set an “in-line” rating for the company in a report on Tuesday, September 23rd. Finally, Royal Bank Of Canada lifted their target price on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Nine analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus 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.