Target Corporation $TGT Shares Sold by Stephens Inc. AR

Key Points

• Stephens Inc. AR significantly reduced its stake in Target Corporation by 58.8% during the second quarter, ending up with 30,543 shares valued at $3,013,000.
• Target announced a quarterly dividend of $1.14, reflecting an increase from the previous $1.12, and a dividend yield of 4.8%.
• Target reported quarterly earnings of $2.05 per share, slightly above analyst estimates, with a revenue of $24.99 billion for the quarter.

Stephens Inc. AR reduced its position in shares of Target Corporation (NYSE:TGT - Free Report) by 58.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,543 shares of the retailer's stock after selling 43,519 shares during the quarter. Stephens Inc. AR's holdings in Target were worth $3,013,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TGT. Raleigh Capital Management Inc. increased its position in Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer's stock worth $26,000 after buying an additional 102 shares during the last quarter. Kozak & Associates Inc. increased its stake 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 period. Investment Research & Advisory Group Inc. bought a new position in Target during the second quarter valued at about $29,000. Global Assets Advisory LLC bought a new position in Target during the second quarter valued at about $31,000. Finally, WPG Advisers LLC bought a new stake in shares of Target in the 1st quarter valued at approximately $32,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Down 0.4%

Shares of TGT opened at $94.04 on Thursday. The firm has a 50 day simple moving average of $92.36 and a two-hundred day simple moving average of $96.31. The company has a market cap of $42.73 billion, a P/E ratio of 10.96, a P/E/G ratio of 2.75 and a beta of 1.18. 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 Corporation has a one year low of $85.36 and a one year high of $158.42.

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

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 annualized dividend and a dividend yield of 4.8%. This is a boost from Target's previous quarterly dividend of $1.12. Target's dividend payout ratio (DPR) is 53.15%.

Analyst Upgrades and Downgrades

TGT has been the topic of several research analyst reports. Bank of America restated an "underperform" rating and set a $93.00 target price (down previously from $105.00) on shares of Target in a report on Friday, August 15th. BTIG Research started coverage on shares of Target in a report on Tuesday, October 14th. They set a "neutral" rating for the company. Citigroup lifted their target price on shares of Target from $94.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, August 22nd. Barclays reissued an "underweight" rating and issued a $91.00 price target on shares of Target in a report on Monday, July 21st. Finally, Wall Street Zen upgraded Target from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Target has an average rating of "Hold" and an average target price of $109.00.

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.

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