Target Corporation $TGT Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC has significantly reduced its stake in Target Corporation, cutting its holdings by 92.5% during the first quarter, owning only 8,352 shares after selling over 102,600 shares.
• Target's recent earnings report revealed an EPS of $1.30, falling short of analysts' expectations of $1.65, and showing a revenue decrease of 2.8% year-over-year.
• The retailer declared a quarterly dividend of $1.12 per share, with a dividend yield of 4.2%, set to be paid to shareholders on September 1st.

RWA Wealth Partners LLC trimmed its position in Target Corporation (NYSE:TGT - Free Report) by 92.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,352 shares of the retailer's stock after selling 102,686 shares during the quarter. RWA Wealth Partners LLC's holdings in Target were worth $872,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TGT. Bernard Wealth Management Corp. purchased a new stake in shares of Target in the 4th quarter valued at approximately $29,000. Heck Capital Advisors LLC purchased a new stake in shares of Target in the 4th quarter valued at approximately $40,000. Atwood & Palmer Inc. raised its stake in shares of Target by 951.4% in the 1st quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer's stock valued at $41,000 after acquiring an additional 352 shares during the period. Abound Financial LLC purchased a new stake in shares of Target in the 1st quarter valued at approximately $43,000. Finally, Bellwether Advisors LLC purchased a new stake in shares of Target in the 4th quarter valued at approximately $47,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

TGT traded up $1.9280 on Friday, reaching $98.9880. The company had a trading volume of 13,658,170 shares, compared to its average volume of 7,152,688. Target Corporation has a 1 year low of $87.35 and a 1 year high of $161.84. The stock has a market capitalization of $44.98 billion, a PE ratio of 11.54, a P/E/G ratio of 2.80 and a beta of 1.22. The company has a quick ratio of 0.25, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $102.06 and a 200-day moving average price of $103.85.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 3.72% and a return on equity of 23.43%. Target's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, research analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be paid a $1.12 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $4.48 dividend on an annualized basis and a yield of 4.5%. Target's payout ratio is currently 50.11%.

Analyst Ratings Changes

Several equities analysts have commented on TGT shares. Morgan Stanley decreased their price target on shares of Target from $160.00 to $112.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. DA Davidson decreased their price target on shares of Target from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Piper Sandler reissued a "neutral" rating on shares of Target in a research report on Tuesday, July 29th. Wedbush reissued an "outperform" rating on shares of Target in a research report on Thursday, July 17th. Finally, BMO Capital Markets decreased their price target on shares of Target from $100.00 to $95.00 and set a "market perform" rating for the company in a research report on Thursday, May 22nd. Ten investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $113.74.

Insider Buying and Selling

In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total value of $4,328,100.00. Following the transaction, the insider directly owned 246,453 shares in the company, valued at approximately $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company's stock.

About Target

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.