TD Private Client Wealth LLC Purchases Shares of 3,520 Target Corporation $TGT

Key Points

• TD Private Client Wealth LLC has purchased a new stake in Target Corporation, acquiring 3,520 shares valued at approximately $347,000.
• Target recently reported a quarterly earnings per share of $2.05, exceeding estimates, with a total revenue of $24.99 billion, though this represented a 0.9% decline year-over-year.
• The company is increasing its quarterly dividend to $1.14 per share, representing a yield of 5.2%, with the payment scheduled for December 1st.

TD Private Client Wealth LLC bought a new stake in Target Corporation (NYSE:TGT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,520 shares of the retailer's stock, valued at approximately $347,000.

Several other institutional investors have also recently bought and sold shares of TGT. Centaurus Financial Inc. raised its holdings in shares of Target by 2.7% in the fourth quarter. Centaurus Financial Inc. now owns 3,803 shares of the retailer's stock valued at $514,000 after purchasing an additional 99 shares during the last quarter. Guardian Wealth Advisors LLC increased its stake in Target by 2.6% in the 1st quarter. Guardian Wealth Advisors LLC now owns 4,043 shares of the retailer's stock valued at $422,000 after buying an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Target by 9.7% during the 1st 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 shares of Target by 21.4% during the 1st quarter. Truvestments Capital LLC now owns 606 shares of the retailer's stock worth $63,000 after buying an additional 107 shares during the last quarter. Finally, Formidable Asset Management LLC grew its holdings in shares of Target by 1.2% in the 1st quarter. Formidable Asset Management LLC now owns 9,696 shares of the retailer's stock valued at $1,012,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 79.73% of the company's stock.

Target Trading Up 1.0%

Shares of Target stock opened at $88.04 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.99 and a quick ratio of 0.32. The business has a fifty day simple moving average of $97.53 and a two-hundred day simple moving average of $98.02. Target Corporation has a 1 year low of $86.30 and a 1 year high of $161.50. The company has a market capitalization of $40.01 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 2.53 and a beta of 1.16.

Target (NYSE:TGT - Get Free Report) last issued 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 company had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a net margin of 3.72% and a return on equity of 23.43%. The company's revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.57 earnings per share. 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 year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors 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 5.2%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target's previous quarterly dividend of $1.12. Target's payout ratio is 53.15%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wolfe Research assumed coverage on Target in a report on Thursday, September 18th. They set an "underperform" rating and a $80.00 target price on the stock. Evercore ISI dropped their price objective on Target from $106.00 to $105.00 and set an "in-line" rating on the stock in a research note on Tuesday, September 23rd. Jefferies Financial Group decreased their target price on shares of Target from $120.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th. Loop Capital set a $95.00 target price on shares of Target in a report on Thursday, July 17th. Finally, Citigroup increased their price target 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. Nine investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $110.48.

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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