Target Corporation $TGT Stake Lifted by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. increased its stake in Target Corporation (NYSE:TGT) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,876 shares of the retailer’s stock after acquiring an additional 744 shares during the period. Koshinski Asset Management Inc.’s holdings in Target were worth $777,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TGT. Brighton Jones LLC boosted its holdings in Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares in the last quarter. Blue Trust Inc. boosted its holdings in Target by 3.1% during the first quarter. Blue Trust Inc. now owns 5,136 shares of the retailer’s stock worth $536,000 after buying an additional 153 shares in the last quarter. PFG Investments LLC boosted its holdings in Target by 19.7% during the first quarter. PFG Investments LLC now owns 12,558 shares of the retailer’s stock worth $1,311,000 after buying an additional 2,067 shares in the last quarter. Praxis Investment Management Inc. boosted its holdings in Target by 16.5% during the first quarter. Praxis Investment Management Inc. now owns 8,950 shares of the retailer’s stock worth $934,000 after buying an additional 1,270 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its holdings in Target by 101.1% during the first quarter. Intact Investment Management Inc. now owns 36,598 shares of the retailer’s stock worth $3,819,000 after buying an additional 18,400 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Up 0.8%

TGT stock opened at $90.79 on Monday. Target Corporation has a 12-month low of $85.36 and a 12-month high of $158.42. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. The company has a market cap of $41.25 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 2.64 and a beta of 1.18. The company has a 50 day moving average of $93.07 and a two-hundred day moving average of $96.37.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $24.99 billion during the quarter, compared to the consensus estimate of $24.84 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. The company’s revenue was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, equities analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced 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 represents a $4.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Target’s previous quarterly dividend of $1.12. Target’s payout ratio is currently 53.15%.

Analyst Ratings Changes

TGT has been the subject of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Bank of America restated an “underperform” rating and issued a $93.00 price target (down previously from $105.00) on shares of Target in a research report on Friday, August 15th. DA Davidson reduced their price target on shares of Target from $115.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 price target on shares of Target in a research report on Wednesday, August 20th. Finally, Wedbush restated an “outperform” rating on shares of Target in a research report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $109.00.

Target 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.