NORTHSTAR ASSET MANAGEMENT Co Lowers Position in Target Corporation $TGT

NORTHSTAR ASSET MANAGEMENT Co lowered its holdings in Target Corporation (NYSE:TGT) by 64.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,300 shares of the retailer’s stock after selling 4,225 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Target were worth $227,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Target by 174.7% in the first quarter. Golden State Wealth Management LLC now owns 1,832 shares of the retailer’s stock worth $191,000 after acquiring an additional 1,165 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of Target by 9.0% in the first quarter. Perigon Wealth Management LLC now owns 9,618 shares of the retailer’s stock worth $1,004,000 after acquiring an additional 796 shares during the period. SOL Capital Management CO grew its holdings in Target by 15.5% during the first quarter. SOL Capital Management CO now owns 4,480 shares of the retailer’s stock valued at $468,000 after purchasing an additional 600 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Target by 69.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 259,268 shares of the retailer’s stock valued at $27,057,000 after purchasing an additional 106,589 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Trading Up 0.1%

NYSE TGT opened at $94.34 on Friday. The company has a 50-day simple moving average of $91.98 and a 200-day simple moving average of $96.35. The firm has a market capitalization of $42.87 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. Target Corporation has a one year low of $85.36 and a one year high of $158.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

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

Target Increases Dividend

The business also recently disclosed 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 is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 4.8%. This is a boost from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is currently 53.15%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of research reports. Bank of America reiterated an “underperform” rating and issued a $93.00 price target (down from $105.00) on shares of Target in a report on Friday, August 15th. Wolfe Research began coverage on Target in a research note on Thursday, September 18th. They issued an “underperform” rating and a $80.00 price objective on the stock. Jefferies Financial Group dropped their target price on Target from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Evercore ISI lowered their target price on shares of Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Target in a report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $109.00.

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.