Kelleher Financial Advisors Trims Stock Position in Target Corporation $TGT

Kelleher Financial Advisors trimmed its holdings in shares of Target Corporation (NYSE:TGT) by 31.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,933 shares of the retailer’s stock after selling 1,342 shares during the period. Kelleher Financial Advisors’ holdings in Target were worth $289,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TGT. Brighton Jones LLC raised its position in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares during the last quarter. CWM LLC boosted its stake in shares of Target by 13.8% during the 1st quarter. CWM LLC now owns 60,690 shares of the retailer’s stock valued at $6,334,000 after buying an additional 7,360 shares during the last quarter. LRI Investments LLC lifted its stake in Target by 102.5% during the first quarter. LRI Investments LLC now owns 879 shares of the retailer’s stock worth $92,000 after purchasing an additional 445 shares during the last quarter. MQS Management LLC bought a new position in Target in the first quarter worth about $208,000. Finally, Sigma Planning Corp grew its stake in Target by 4.7% during the 1st quarter. Sigma Planning Corp now owns 6,337 shares of the retailer’s stock worth $661,000 after buying an additional 285 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TGT. Royal Bank Of Canada raised their price target on Target from $104.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Barclays reaffirmed an “underweight” rating and set a $91.00 target price on shares of Target in a research report on Monday, July 21st. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Jefferies Financial Group dropped their price objective on shares of Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, August 20th. Finally, Loop Capital set a $95.00 target price on shares of Target in a research report on Thursday, July 17th. Nine research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $108.71.

Target Trading Up 1.1%

Shares of Target stock opened at $91.70 on Wednesday. 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 firm has a market capitalization of $41.67 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19. Target Corporation has a 52-week low of $85.36 and a 52-week high of $158.42. The company’s fifty day moving average price is $90.65 and its two-hundred day moving average price is $96.32.

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 during the quarter, compared to analyst estimates of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. 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. Target’s dividend payout ratio (DPR) is currently 53.15%.

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.