FLC Capital Advisors Invests $759,000 in Target Corporation $TGT

by · The Cerbat Gem

FLC Capital Advisors acquired a new position in Target Corporation (NYSE:TGT – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 7,695 shares of the retailer’s stock, valued at approximately $759,000.

Other hedge funds have also added to or reduced their stakes in the company. Kozak & Associates Inc. grew its holdings in shares of Target by 2,530.0% in the 2nd quarter. Kozak & Associates Inc. now owns 263 shares of the retailer’s stock valued at $27,000 after acquiring an additional 253 shares in the last quarter. Raleigh Capital Management Inc. boosted its position in Target by 63.4% during the second quarter. Raleigh Capital Management Inc. now owns 263 shares of the retailer’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Investment Research & Advisory Group Inc. bought a new position in Target in the second quarter valued at approximately $29,000. WPG Advisers LLC acquired a new position in shares of Target during the 1st quarter worth approximately $32,000. Finally, Global Assets Advisory LLC bought a new stake in shares of Target during the 2nd quarter worth approximately $31,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.8%

Shares of NYSE:TGT 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 business has a 50 day moving average of $93.07 and a 200-day moving average of $96.37. 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 stock has a market cap of $41.25 billion, a PE ratio of 10.58, a P/E/G ratio of 2.64 and a beta of 1.18.

Target (NYSE:TGT – Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.01. Target had a return on equity of 23.43% and a net margin of 3.72%.The business had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. During the same period last year, the firm posted $2.57 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Target has set its FY 2025 guidance at 7.000-9.000 EPS. As a group, equities research analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given 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 yield of 5.0%. The ex-dividend date of this dividend is Wednesday, November 12th. Target’s payout ratio is 53.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TGT. Royal Bank Of Canada boosted their target price on shares of Target from $104.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Truist Financial lowered their price objective on shares of Target from $102.00 to $83.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, October 8th. BTIG Research initiated coverage on Target in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Finally, Evercore ISI cut their price objective on Target from $103.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $109.00.

View Our Latest Stock Report on TGT

Target Profile

(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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