Copperwynd Financial LLC Buys 531 Shares of Target Corporation $TGT

Copperwynd Financial LLC lifted its holdings in Target Corporation (NYSE:TGT) by 9.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,317 shares of the retailer’s stock after acquiring an additional 531 shares during the period. Copperwynd Financial LLC’s holdings in Target were worth $623,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raleigh Capital Management Inc. boosted its holdings in shares of Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Guardian Wealth Advisors LLC boosted its holdings in shares of Target by 2.6% in the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer’s stock worth $422,000 after buying an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Target by 9.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock worth $126,000 after buying an additional 106 shares during the last quarter. Truvestments Capital LLC boosted its holdings in shares of Target by 21.4% in the 1st quarter. Truvestments Capital LLC now owns 606 shares of the retailer’s stock worth $63,000 after buying an additional 107 shares during the last quarter. Finally, Formidable Asset Management LLC raised its stake in Target by 1.2% in the 1st quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer’s stock valued at $1,012,000 after acquiring an additional 111 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 1.2%

TGT stock opened at $90.35 on Thursday. 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 company’s 50 day moving average is $94.99 and its 200 day moving average is $97.22. The stock has a market cap of $41.06 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18. Target Corporation has a 1-year low of $86.30 and a 1-year high of $161.50.

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. The company had revenue of $24.99 billion for 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%. Target’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Sell-side analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TGT. Barclays restated an “underweight” rating and issued a $91.00 price objective on shares of Target in a research note on Monday, July 21st. Loop Capital set a $95.00 price objective on Target in a research note on Thursday, July 17th. Guggenheim restated a “buy” rating and issued a $115.00 price objective on shares of Target in a research note on Thursday, August 21st. Citigroup boosted their price objective on Target from $94.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada boosted their price objective on Target from $104.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $109.65.

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.