U.S. Capital Wealth Advisors LLC Acquires 5,601 Shares of Target Corporation $TGT

Key Points

• U.S. Capital Wealth Advisors LLC has increased its holdings in Target Corporation by 27.8%, acquiring an additional 5,601 shares in the second quarter, bringing its total to 25,752 shares valued at approximately $2.54 million.
• Target recently beat earnings expectations with $2.05 EPS for the quarter, surpassing the consensus estimate of $2.04, and reported a revenue of $24.99 billion.
• The company announced an increase in its quarterly dividend to $1.14, up from $1.12, representing a 5.2% dividend yield with a payout ratio of 53.15%.

U.S. Capital Wealth Advisors LLC increased its holdings in Target Corporation (NYSE:TGT - Free Report) by 27.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,752 shares of the retailer's stock after buying an additional 5,601 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Target were worth $2,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new position in shares of Target in the fourth quarter valued at $29,000. Kozak & Associates Inc. boosted its stake in Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer's stock worth $27,000 after purchasing an additional 253 shares during the period. Heck Capital Advisors LLC purchased a new position in Target during the 4th quarter valued at about $40,000. WPG Advisers LLC bought a new stake in shares of Target during the first quarter valued at about $32,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Target during the fourth quarter valued at about $49,000. Institutional investors own 79.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research raised shares of Target from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Telsey Advisory Group restated a "market perform" rating and set a $110.00 price target on shares of Target in a research report on Wednesday, August 20th. Loop Capital set a $95.00 price objective on Target in a research report on Thursday, July 17th. Wall Street Zen raised Target from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Royal Bank Of Canada upped their target price on Target from $104.00 to $107.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Nine 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 data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $110.48.

Target Trading Up 0.5%

NYSE TGT opened at $87.02 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The stock's 50-day simple moving average is $98.43 and its two-hundred day simple moving average is $98.51. Target Corporation has a twelve month low of $86.30 and a twelve month high of $161.50. The company has a market capitalization of $39.54 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 2.50 and a beta of 1.16.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating the consensus estimate of $2.04 by $0.01. The firm had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The company's revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $2.57 EPS. 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 firm also recently disclosed 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. This is a positive change from Target's previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.2%. Target's dividend payout ratio is currently 53.15%.

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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