Hantz Financial Services Inc. Sells 17,601 Shares of Target Corporation $TGT

Hantz Financial Services Inc. trimmed its stake in Target Corporation (NYSE:TGT) by 90.9% during the second quarter, Holdings Channel reports. The fund owned 1,756 shares of the retailer’s stock after selling 17,601 shares during the quarter. Hantz Financial Services Inc.’s holdings in Target were worth $173,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Kozak & Associates Inc. raised its stake in shares of Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Target by 63.4% in the 2nd quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after acquiring an additional 102 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new position in Target in the 2nd quarter worth approximately $29,000. WPG Advisers LLC bought a new position in Target in the 1st quarter worth approximately $32,000. Finally, Global Assets Advisory LLC bought a new position in Target in the 2nd quarter worth approximately $31,000. 79.73% of the stock is owned by institutional investors.

Target Trading Down 0.0%

Shares of TGT opened at $92.92 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a 12-month low of $85.36 and a 12-month high of $158.42. The firm has a market capitalization of $42.22 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The stock’s fifty day simple moving average is $91.37 and its 200-day simple moving average is $96.48.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm 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 firm posted $2.57 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a $1.14 dividend. 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 yield of 4.9%. Target’s payout ratio is currently 53.15%.

Analysts Set New Price Targets

Several brokerages have commented on TGT. Truist Financial dropped their price target on Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. UBS Group dropped their price target on Target from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Wedbush reaffirmed an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Wolfe Research began coverage on Target in a research report on Thursday, September 18th. They issued an “underperform” rating and a $80.00 price target on the stock. Finally, Citigroup lifted their price target on Target from $94.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $109.00.

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.