Keybank National Association OH Sells 9,029 Shares of Target Corporation $TGT

Keybank National Association OH lessened its stake in Target Corporation (NYSE:TGT) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,293 shares of the retailer’s stock after selling 9,029 shares during the quarter. Keybank National Association OH’s holdings in Target were worth $17,095,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TGT shares. Wedbush reissued an “outperform” rating on shares of Target in a research note on Thursday, July 17th. Citigroup boosted their target price on Target from $94.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Truist Financial decreased their target price on Target from $102.00 to $83.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Finally, Evercore ISI decreased their target price on Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Nine analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $109.00.

Target Stock Down 1.3%

TGT stock opened at $92.90 on Friday. 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 stock has a market capitalization of $42.21 billion, a P/E ratio of 10.83, a P/E/G ratio of 2.74 and a beta of 1.18. The business has a 50-day moving average of $91.49 and a 200-day moving average of $96.42. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $158.42.

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 analysts’ expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.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 firm earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share 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 issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, November 12th. This is a boost from Target’s previous quarterly dividend of $1.12. This represents a $4.56 annualized dividend and a yield of 4.9%. Target’s dividend payout ratio 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.