Capital Management Associates Inc Has $513,000 Stock Holdings in Target Corporation $TGT

Capital Management Associates Inc lifted its holdings in shares of Target Corporation (NYSE:TGT) by 137.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,196 shares of the retailer’s stock after acquiring an additional 3,012 shares during the period. Capital Management Associates Inc’s holdings in Target were worth $513,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Castle Rock Wealth Management LLC acquired a new position in shares of Target during the 2nd quarter worth $334,000. Northern Financial Advisors Inc acquired a new position in shares of Target during the 2nd quarter worth $370,000. Traphagen Investment Advisors LLC raised its holdings in shares of Target by 10.9% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 2,158 shares of the retailer’s stock worth $213,000 after buying an additional 212 shares in the last quarter. Abel Hall LLC acquired a new position in shares of Target during the 2nd quarter worth $473,000. Finally, Proffitt & Goodson Inc. raised its holdings in shares of Target by 13.1% during the 2nd quarter. Proffitt & Goodson Inc. now owns 3,825 shares of the retailer’s stock worth $377,000 after buying an additional 444 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TGT shares. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Wedbush reissued an “outperform” rating on shares of Target in a report on Thursday, July 17th. Evercore ISI lowered their price target on Target from $105.00 to $103.00 and set an “in-line” rating for the company in a report on Tuesday. Wolfe Research started coverage on Target in a research report on Thursday, September 18th. They set an “underperform” rating and a $80.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $109.65.

Target Trading Up 1.2%

NYSE TGT opened at $90.35 on Thursday. The business’s 50-day moving average price is $94.99 and its two-hundred day moving average price is $97.22. Target Corporation has a 12 month low of $86.30 and a 12 month high of $161.50. The firm has a market capitalization of $41.06 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 2.58 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.32 and a debt-to-equity ratio of 0.99.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The firm had revenue of $24.99 billion for the quarter, compared to analyst estimates of $24.84 billion. During the same quarter in the previous year, the company posted $2.57 EPS. The business’s revenue was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a $1.14 dividend. This is a boost from Target’s previous quarterly dividend of $1.12. The ex-dividend date is Wednesday, November 12th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. Target’s dividend payout ratio is presently 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.