Target Corporation $TGT Shares Sold by Camden National Bank

Camden National Bank reduced its position in shares of Target Corporation (NYSE:TGT) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 49,053 shares of the retailer’s stock after selling 1,090 shares during the quarter. Camden National Bank’s holdings in Target were worth $4,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. JNBA Financial Advisors boosted its position in Target by 3.0% during the second quarter. JNBA Financial Advisors now owns 3,347 shares of the retailer’s stock worth $330,000 after acquiring an additional 96 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in shares of Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after purchasing an additional 98 shares during the period. Raleigh Capital Management Inc. boosted its holdings in shares of Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock worth $26,000 after purchasing an additional 102 shares during the last quarter. IFG Advisory LLC boosted its holdings in shares of Target by 1.4% during the second quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock worth $729,000 after purchasing an additional 105 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of Target by 9.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer’s stock valued at $126,000 after purchasing an additional 106 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. Evercore ISI reiterated a “positive” rating and set a $100.00 target price on shares of Target in a research report on Thursday. Telsey Advisory Group reiterated a “market perform” rating and set a $110.00 price objective on shares of Target in a report on Friday, November 14th. Guggenheim reissued a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Monday, October 27th. Wolfe Research began coverage on shares of Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price target for the company. Finally, Bank of America decreased their price target on shares of Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday. Ten research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $102.97.

Target Trading Up 4.6%

NYSE TGT opened at $87.51 on Friday. The firm has a market capitalization of $39.76 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.74 and a beta of 1.19. 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 Corporation has a one year low of $83.44 and a one year high of $145.08. The company’s 50 day moving average price is $90.13 and its 200 day moving average price is $95.88.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a net margin of 3.72% and a return on equity of 23.43%. The company had revenue of $25.28 billion during the quarter, compared to analyst estimates of $25.44 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, sell-side analysts predict that Target Corporation will post 8.69 EPS for the current 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 issued a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.2%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is currently 55.34%.

Target Company 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.