LMG Wealth Partners LLC Boosts Stock Holdings in Target Corporation $TGT

LMG Wealth Partners LLC grew its position in shares of Target Corporation (NYSE:TGTFree Report) by 26.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,884 shares of the retailer’s stock after acquiring an additional 2,912 shares during the period. LMG Wealth Partners LLC’s holdings in Target were worth $1,370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Target by 407.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,970,414 shares of the retailer’s stock valued at $1,666,672,000 after acquiring an additional 12,825,586 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Target during the second quarter valued at about $595,839,000. Goldman Sachs Group Inc. raised its stake in shares of Target by 35.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,370,062 shares of the retailer’s stock valued at $560,420,000 after acquiring an additional 1,406,653 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Target by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 5,194,231 shares of the retailer’s stock valued at $542,020,000 after acquiring an additional 370,967 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Target by 6.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,028,486 shares of the retailer’s stock valued at $420,413,000 after acquiring an additional 229,670 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TGT shares. Wall Street Zen raised shares of Target from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Evercore ISI decreased their price target on shares of Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 price target on shares of Target in a research note on Wednesday, August 20th. Barclays reissued an “underweight” rating and issued a $91.00 price target on shares of Target in a research note on Monday, July 21st. Finally, BTIG Research began coverage on shares of Target in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.00.

Check Out Our Latest Report on TGT

Target Price Performance

Shares of NYSE TGT opened at $90.79 on Monday. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $158.42. The company has a 50 day simple moving average of $93.07 and a two-hundred day simple moving average of $96.37. The company has a market capitalization of $41.25 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 2.64 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.32 and a current ratio of 0.99.

Target (NYSE:TGTGet Free Report) last announced its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.01. Target had a net margin of 3.72% and a return on equity of 23.43%. The business had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter last year, the firm earned $2.57 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-9.000 EPS. Analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be paid a dividend of $1.14 per share. This is a positive change from Target’s previous quarterly dividend of $1.12. This represents a $4.56 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is 53.15%.

About Target

(Free Report)

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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Institutional Ownership by Quarter for Target (NYSE:TGT)

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