Target Corporation $TGT Shares Sold by FORA Capital LLC

FORA Capital LLC cut its stake in Target Corporation (NYSE:TGT) by 18.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,582 shares of the retailer’s stock after selling 23,832 shares during the period. Target makes up approximately 1.2% of FORA Capital LLC’s investment portfolio, making the stock its 15th biggest position. FORA Capital LLC’s holdings in Target were worth $10,613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new position in Target during the 2nd quarter valued at $25,000. Kozak & Associates Inc. raised its stake in shares of 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 buying an additional 253 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of Target by 63.4% in the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after buying an additional 102 shares during the period. Investment Research & Advisory Group Inc. bought a new position in Target during the second quarter valued at about $29,000. Finally, WPG Advisers LLC acquired a new position in Target during the first quarter worth about $32,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TGT. Argus cut their price target on shares of Target from $135.00 to $125.00 and set a “buy” rating for the company in a report on Monday, December 1st. DA Davidson reissued a “buy” rating and set a $108.00 target price on shares of Target in a research note on Thursday, November 20th. TD Cowen decreased their price target on shares of Target from $105.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, November 20th. Roth Capital set a $88.00 price target on Target in a report on Thursday, November 20th. Finally, Royal Bank Of Canada reduced their price objective on Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Ten analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $102.62.

Target Trading Up 0.1%

Target stock opened at $97.08 on Friday. The company has a 50 day moving average price of $91.03 and a 200 day moving average price of $95.37. Target Corporation has a 52 week low of $83.44 and a 52 week high of $145.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The firm has a market capitalization of $43.96 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 10.56 and a beta of 1.13.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.07. The company had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Research analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Wednesday, November 12th were paid a $1.14 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $4.56 annualized dividend and a yield of 4.7%. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio (DPR) is currently 55.34%.

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.