Moloney Securities Asset Management LLC Buys 5,651 Shares of Target Corporation $TGT

Moloney Securities Asset Management LLC boosted its position in Target Corporation (NYSE:TGT) by 56.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,720 shares of the retailer’s stock after purchasing an additional 5,651 shares during the period. Moloney Securities Asset Management LLC’s holdings in Target were worth $1,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after buying an additional 11,047 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in Target by 2.1% in the 2nd quarter. Maryland State Retirement & Pension System now owns 22,092 shares of the retailer’s stock worth $2,179,000 after buying an additional 459 shares during the period. Leo Wealth LLC purchased a new position in Target in the 2nd quarter valued at approximately $327,000. Finally, Callan Family Office LLC grew its stake in Target by 76.9% in the 2nd quarter. Callan Family Office LLC now owns 12,092 shares of the retailer’s stock valued at $1,193,000 after buying an additional 5,258 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Price Performance

Shares of Target stock opened at $115.48 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. Target Corporation has a 52-week low of $83.44 and a 52-week high of $135.00. The company has a fifty day moving average of $101.70 and a 200-day moving average of $96.64. The stock has a market capitalization of $52.29 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 11.83 and a beta of 1.14.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, November 19th. The retailer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.07. Target had a net margin of 3.58% and a return on equity of 22.74%. The business had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $25.44 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th will be issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, February 11th. Target’s dividend payout ratio (DPR) is 55.34%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TGT shares. Argus cut their price target on Target from $135.00 to $125.00 and set a “buy” rating for the company in a report on Monday, December 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Piper Sandler restated a “neutral” rating and issued a $85.00 target price (down from $94.00) on shares of Target in a research note on Thursday, November 20th. TD Cowen lowered their price target on Target from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. Finally, Roth Mkm set a $88.00 price target on Target in a research report on Thursday, November 20th. Ten research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $103.21.

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.