Target Corporation $TGT Shares Sold by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. lowered its position in Target Corporation (NYSE:TGT) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,456 shares of the retailer’s stock after selling 1,616 shares during the quarter. Arkfeld Wealth Strategies L.L.C.’s holdings in Target were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Target by 407.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock worth $1,666,672,000 after acquiring an additional 12,825,586 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Target by 35.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after purchasing an additional 1,406,653 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Target by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after purchasing an additional 370,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Target by 6.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock worth $420,413,000 after purchasing an additional 229,670 shares during the period. Finally, Pacer Advisors Inc. grew its position in Target by 1,364.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,289,692 shares of the retailer’s stock valued at $343,312,000 after buying an additional 3,065,035 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 0.5%

Target stock opened at $89.42 on Friday. The firm has a market cap of $40.63 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.16. Target Corporation has a 1 year low of $87.35 and a 1 year high of $161.50. The firm’s 50 day moving average price is $99.42 and its two-hundred day moving average price is $99.21. 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 released 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 business had revenue of $24.99 billion during the quarter, compared to analyst estimates of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The company’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, research analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors 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 represents a $4.56 dividend on an annualized basis and a yield of 5.1%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is 53.15%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Target from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, May 22nd. Jefferies Financial Group lowered 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. Wall Street Zen raised Target from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $110.00 price target on shares of Target in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group lowered their price target on Target from $101.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, May 22nd. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $112.69.

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.