Peloton Wealth Strategists Buys 4,735 Shares of Target Corporation $TGT

Key Points

• Peloton Wealth Strategists increased its stake in Target Corporation by 33.4%, acquiring an additional 4,735 shares, bringing their total holdings to 18,925 shares valued at approximately $1.98 million.
• Target's stock recently opened at $91.55 and reported a net margin of 3.72% with earnings per share of $2.05 for the last quarter, exceeding analyst expectations.
• Despite positive quarterly results, Target's stock has faced downward pressure, with a recent 1.7% decline and varying analyst recommendations, including a mix of 10 Buy, 23 Hold, and 3 Sell ratings.

Peloton Wealth Strategists boosted its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 33.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,925 shares of the retailer's stock after buying an additional 4,735 shares during the period. Peloton Wealth Strategists' holdings in Target were worth $1,975,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Centaurus Financial Inc. boosted its stake in Target by 2.7% during the fourth quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer's stock worth $514,000 after buying an additional 99 shares in the last quarter. Guardian Wealth Advisors LLC boosted its stake in Target by 2.6% during the first quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer's stock worth $422,000 after buying an additional 104 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Target by 9.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,203 shares of the retailer's stock worth $126,000 after buying an additional 106 shares in the last quarter. Truvestments Capital LLC boosted its stake in Target by 21.4% during the first quarter. Truvestments Capital LLC now owns 606 shares of the retailer's stock worth $63,000 after buying an additional 107 shares in the last quarter. Finally, Formidable Asset Management LLC boosted its stake in Target by 1.2% during the first quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer's stock worth $1,012,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of recent research reports. Citigroup lifted their price target on shares of Target from $94.00 to $100.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Zacks Research upgraded shares of Target from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Royal Bank Of Canada lifted their price target on shares of Target from $104.00 to $107.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. UBS Group reduced their target price on shares of Target from $135.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group reduced their target price on shares of Target from $101.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, May 22nd. Ten analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Target currently has a consensus rating of "Hold" and an average target price of $113.74.

Target Stock Down 1.7%

Shares of NYSE:TGT opened at $91.55 on Tuesday. The company's fifty day moving average is $101.60 and its 200-day moving average is $100.77. The company has a market capitalization of $41.60 billion, a PE ratio of 10.67, a P/E/G ratio of 2.69 and a beta of 1.16. 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 52 week low of $87.35 and a 52 week high of $161.50.

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

Target Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Wednesday, August 13th were given a dividend of $1.12 per share. The ex-dividend date was Wednesday, August 13th. This represents a $4.48 annualized dividend and a yield of 4.9%. Target's dividend payout ratio is 53.15%.

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.

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