Target Corporation $TGT Stock Holdings Lifted by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its stake in Target Corporation (NYSE:TGT) by 1,298.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,871 shares of the retailer’s stock after buying an additional 63,946 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Target were worth $6,794,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Target by 407.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after buying an additional 12,825,586 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Target in the second quarter valued at $595,839,000. Goldman Sachs Group Inc. increased its holdings in shares of Target by 35.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after buying an additional 1,406,653 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Target by 7.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after buying an additional 370,967 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 valued at $420,413,000 after buying an additional 229,670 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 1.4%

Target stock opened at $89.12 on Friday. The company’s fifty day simple moving average is $94.76 and its 200-day simple moving average is $97.09. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a 12 month low of $86.30 and a 12 month high of $161.50. The stock has a market cap of $40.50 billion, a P/E ratio of 10.39, a P/E/G ratio of 2.62 and a beta of 1.18.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $24.99 billion for the quarter, compared to analysts’ expectations of $24.84 billion. During the same period in the previous year, the company posted $2.57 EPS. Target’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, sell-side analysts forecast 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. Stockholders 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 represents a $4.56 annualized dividend and a dividend yield of 5.1%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is presently 53.15%.

Analysts Set New Price Targets

Several research analysts have issued reports on TGT shares. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a report on Tuesday, July 29th. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 target price on shares of Target in a research note on Wednesday, August 20th. Zacks Research raised shares of Target from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. Wolfe Research assumed coverage on shares of Target in a research note on Thursday, September 18th. They set an “underperform” rating and a $80.00 target price on the stock. Finally, Evercore ISI cut their target price on shares of Target from $105.00 to $103.00 and set an “in-line” rating on the stock in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $109.65.

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.