4,796 Shares in Target Corporation $TGT Bought by Abel Hall LLC

Key Points

• Abel Hall LLC has acquired a new stake in Target Corporation, purchasing 4,796 shares valued at approximately $473,000 during Q2.
• Target recently announced a quarterly dividend of $1.14 per share, reflecting a positive increase from the previous $1.12 dividend, with a payout ratio of 53.15%.
• Despite challenges, Target reported Q2 earnings of $2.05 EPS, exceeding analyst expectations and generating revenues of $24.99 billion.

Abel Hall LLC purchased a new position in Target Corporation (NYSE:TGT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,796 shares of the retailer's stock, valued at approximately $473,000.

Other large investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. increased its position in Target by 63.4% in 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. Kozak & Associates Inc. increased its position in Target by 2,530.0% during the second quarter. Kozak & Associates Inc. now owns 263 shares of the retailer's stock valued at $27,000 after acquiring an additional 253 shares during the last quarter. Investment Research & Advisory Group Inc. purchased a new stake in shares of Target in the second quarter valued at $29,000. Global Assets Advisory LLC purchased a new stake in shares of Target in the second quarter valued at $31,000. Finally, WPG Advisers LLC purchased a new stake in shares of Target in the first quarter valued at $32,000. Institutional investors own 79.73% of the company's stock.

Target Trading Up 0.4%

NYSE TGT opened at $89.36 on Wednesday. The company's 50-day moving average price is $95.25 and its 200-day moving average price is $97.27. 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 stock has a market cap of $40.60 billion, a PE ratio of 10.41, a PEG ratio of 2.57 and a beta of 1.18. Target Corporation has a 12 month low of $86.30 and a 12 month high of $161.50.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS 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 firm had revenue of $24.99 billion for the quarter, compared to analysts' expectations of $24.84 billion. During the same period in the prior year, the business posted $2.57 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Equities research analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target's previous quarterly dividend of $1.12. Target's dividend payout ratio (DPR) is currently 53.15%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TGT shares. Barclays reissued an "underweight" rating and issued a $91.00 target price on shares of Target in a research note on Monday, July 21st. Citigroup increased their target price on shares of Target from $94.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Evercore ISI reduced 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. Truist Financial reduced their target price on shares of Target from $102.00 to $83.00 and set a "hold" rating on the stock in a research note on Thursday, October 2nd. Finally, Zacks Research raised shares of Target from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. 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 company. According to data from MarketBeat.com, Target has a consensus rating of "Hold" and a consensus target price of $109.65.

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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