Compass Wealth Management LLC Boosts Holdings in Target Corporation $TGT

Compass Wealth Management LLC lifted its position in shares of Target Corporation (NYSE:TGT) by 275.3% in the third quarter, Holdings Channel reports. The institutional investor owned 13,331 shares of the retailer’s stock after acquiring an additional 9,779 shares during the quarter. Compass Wealth Management LLC’s holdings in Target were worth $1,196,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Target by 14.7% during the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after acquiring an additional 6,607,982 shares during the last quarter. State Street Corp lifted its stake in shares of Target by 4.3% in the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after purchasing an additional 1,529,026 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Target by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after purchasing an additional 277,176 shares during the period. Norges Bank acquired a new stake in shares of Target during the 2nd quarter worth about $578,009,000. Finally, Invesco Ltd. raised its holdings in Target by 9.6% in the 2nd quarter. Invesco Ltd. now owns 3,549,382 shares of the retailer’s stock valued at $350,146,000 after buying an additional 310,205 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Target stock opened at $104.10 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. Target Corporation has a 52-week low of $83.44 and a 52-week high of $145.08. The firm has a market cap of $47.14 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 11.76 and a beta of 1.12. The company’s 50 day moving average is $97.94 and its two-hundred day moving average is $96.28.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 earnings per share. Target has set its FY 2025 guidance at 7.000-8.000 EPS. On average, research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a yield of 4.4%. Target’s dividend payout ratio (DPR) is currently 55.34%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Target from $117.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. TD Cowen decreased their price objective on shares of Target from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. DA Davidson set a $120.00 target price on shares of Target in a report on Monday, January 12th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Morgan Stanley restated an “overweight” rating and set a $125.00 price target on shares of Target in a research report on Thursday, January 15th. Ten analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $103.03.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.