Capital Management Associates Inc Has $513,000 Stake in Target Corporation $TGT

Key Points

• Capital Management Associates Inc increased its stake in Target Corporation by 137.9% during Q2, owning 5,196 shares valued at $513,000.
• Target's quarterly earnings beat consensus estimates with $2.05 EPS reported, and $24.99 billion in revenue, which was below the previous year's numbers.
• The company announced an increase in its quarterly dividend to $1.14 per share, resulting in a 5.0% yield for shareholders.

Capital Management Associates Inc raised its stake in Target Corporation (NYSE:TGT - Free Report) by 137.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,196 shares of the retailer's stock after buying an additional 3,012 shares during the quarter. Capital Management Associates Inc's holdings in Target were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Castle Rock Wealth Management LLC acquired a new position in Target in the second quarter valued at about $334,000. Northern Financial Advisors Inc acquired a new stake in shares of Target during the second quarter worth about $370,000. Traphagen Investment Advisors LLC raised its position in shares of 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 purchasing an additional 212 shares during the period. Abel Hall LLC acquired a new stake in shares of Target during the second quarter worth about $473,000. Finally, Proffitt & Goodson Inc. raised its position in shares of 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 purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Target from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Wedbush reaffirmed an "outperform" rating on shares of Target in a research report on Thursday, July 17th. Barclays reaffirmed an "underweight" rating and set a $91.00 price target on shares of Target in a research report on Monday, July 21st. Evercore ISI dropped their price target on Target from $105.00 to $103.00 and set an "in-line" rating on the stock in a research report on Tuesday. Finally, Piper Sandler reissued a "neutral" rating on shares of Target in a research report on Tuesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $109.65.

Target Stock Performance

TGT opened at $90.35 on Thursday. The business has a fifty day simple moving average of $94.99 and a 200 day simple moving average of $97.22. The company has a market capitalization of $41.06 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18. Target Corporation has a 1 year low of $86.30 and a 1 year high of $161.50. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $24.99 billion during the quarter, compared to analysts' expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The company's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.57 EPS. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 5.0%. This is a boost from Target's previous quarterly dividend of $1.12. 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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