Target Corporation $TGT Holdings Raised by MMA Asset Management LLC

MMA Asset Management LLC lifted its position in shares of Target Corporation (NYSE:TGT) by 44.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,418 shares of the retailer’s stock after acquiring an additional 1,048 shares during the period. MMA Asset Management LLC’s holdings in Target were worth $337,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Target during the first quarter valued at approximately $50,000. Strategic Blueprint LLC raised its position in shares of Target by 7.7% during the 1st quarter. Strategic Blueprint LLC now owns 2,924 shares of the retailer’s stock worth $305,000 after purchasing an additional 208 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Target in the 1st quarter worth approximately $95,000. Finally, World Investment Advisors boosted its position in Target by 29.5% during the 1st quarter. World Investment Advisors now owns 9,595 shares of the retailer’s stock valued at $1,001,000 after purchasing an additional 2,187 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

TGT stock opened at $92.92 on Monday. The company has a 50-day simple moving average of $91.37 and a 200 day simple moving average of $96.48. The company has a market capitalization of $42.22 billion, a P/E ratio of 10.83, a PEG ratio of 2.74 and a beta of 1.18. The company has a quick ratio of 0.32, a current ratio of 0.99 and a debt-to-equity ratio of 0.99. Target Corporation has a fifty-two week low of $85.36 and a fifty-two week high of $158.42.

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

Target Increases Dividend

The company also recently declared 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 represents a $4.56 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from Target’s previous quarterly dividend of $1.12. Target’s dividend payout ratio is 53.15%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TGT shares. Evercore ISI lowered their price objective on Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Loop Capital set a $95.00 price target on shares of Target in a research report on Thursday, July 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a report on Wednesday, October 8th. Truist Financial cut their price objective on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. Finally, Bank of America reissued an “underperform” rating and set a $93.00 target price (down from $105.00) on shares of Target in a research note on Friday, August 15th. Nine equities research 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.com, the stock currently has an average rating of “Hold” and an average price target of $109.00.

Target Company 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.