HighPoint Advisor Group LLC Sells 6,183 Shares of Target Corporation $TGT

HighPoint Advisor Group LLC reduced its stake in shares of Target Corporation (NYSE:TGT) by 31.8% in the third quarter, Holdings Channel reports. The firm owned 13,233 shares of the retailer’s stock after selling 6,183 shares during the period. HighPoint Advisor Group LLC’s holdings in Target were worth $1,187,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in Target by 41.5% during the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after purchasing an additional 11,378 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Target by 3.5% in the 2nd quarter. Yousif Capital Management LLC now owns 122,358 shares of the retailer’s stock valued at $12,071,000 after buying an additional 4,110 shares in the last quarter. Twelve Points Wealth Management LLC purchased a new position in shares of Target in the 3rd quarter worth approximately $1,236,000. QVR LLC bought a new position in shares of Target during the 2nd quarter worth approximately $11,014,000. Finally, NewSquare Capital LLC lifted its position in Target by 122.5% during the second quarter. NewSquare Capital LLC now owns 41,719 shares of the retailer’s stock valued at $4,086,000 after acquiring an additional 22,968 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 4.2%

Target stock opened at $115.48 on Friday. The stock has a 50-day moving average price of $101.70 and a 200 day moving average price of $96.71. The company has a market capitalization of $52.29 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 11.35 and a beta of 1.14. Target Corporation has a 52 week low of $83.44 and a 52 week high of $135.00. 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 (NYSE:TGT) last announced its quarterly earnings data on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.71 by $0.07. The business had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $25.44 billion. Target had a net margin of 3.58% and a return on equity of 22.74%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Sell-side analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be paid a dividend of $1.14 per share. The ex-dividend date is Wednesday, February 11th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.9%. Target’s dividend payout ratio (DPR) is presently 55.34%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TGT. Roth Mkm set a $88.00 price target on shares of Target in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on Target in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Finally, Sanford C. Bernstein cut their price objective on shares of Target from $87.00 to $80.00 and set an “underperform” rating on the stock in a report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Target currently has an average rating of “Hold” and an average price target of $103.21.

Target Profile

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.