3,754 Shares in Target Corporation $TGT Acquired by Northern Financial Advisors Inc

Key Points

• Northern Financial Advisors Inc has acquired 3,754 shares of Target Corporation valued at approximately $370,000, indicating strong institutional interest in the retailer.
• Target recently declared a quarterly dividend increase to $1.14 per share, with a yield of 5.1%, reflecting the company's commitment to returning capital to shareholders.
• Analysts have mixed ratings on Target, with a consensus rating of "Hold" and an average price target of $109.65, amidst recent fluctuations in earnings and revenue projections.

Northern Financial Advisors Inc bought a new position in shares of Target Corporation (NYSE:TGT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,754 shares of the retailer's stock, valued at approximately $370,000.

A number of other hedge funds have also recently bought and sold shares of the company. Traphagen Investment Advisors LLC boosted its position in Target by 10.9% during the second quarter. Traphagen Investment Advisors LLC now owns 2,158 shares of the retailer's stock worth $213,000 after acquiring an additional 212 shares during the last quarter. Abel Hall LLC acquired a new stake in Target during the second quarter worth approximately $473,000. Proffitt & Goodson Inc. boosted its position in Target by 13.1% during the second quarter. Proffitt & Goodson Inc. now owns 3,825 shares of the retailer's stock worth $377,000 after acquiring an additional 444 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Target by 8.1% during the second quarter. Venturi Wealth Management LLC now owns 11,786 shares of the retailer's stock worth $1,163,000 after acquiring an additional 886 shares during the last quarter. Finally, Shell Asset Management Co. boosted its position in Target by 41.4% during the second quarter. Shell Asset Management Co. now owns 26,462 shares of the retailer's stock worth $2,610,000 after acquiring an additional 7,742 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on TGT shares. Citigroup raised their target price on shares of Target from $94.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. Piper Sandler reiterated a "neutral" rating on shares of Target in a report on Tuesday, July 29th. UBS Group decreased their price target on shares of Target from $135.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, August 21st. Royal Bank Of Canada lifted their price target on shares of Target from $104.00 to $107.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Wedbush reiterated 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-four have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $109.65.

Target Stock Performance

NYSE:TGT opened at $89.36 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $40.60 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 2.57 and a beta of 1.18. The firm's fifty day simple moving average is $95.25 and its 200 day simple moving average is $97.27. Target Corporation has a twelve month low of $86.30 and a twelve month high of $161.50.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.01. The business had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The company 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 dividend of $1.14 per share. This is a positive change from Target's previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.1%. Target's payout ratio is presently 53.15%.

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.

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