Target Corporation $TGT Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its position in Target Corporation (NYSE:TGT) by 65.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,145 shares of the retailer’s stock after selling 17,317 shares during the quarter. Shell Asset Management Co.’s holdings in Target were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TGT. WFA of San Diego LLC bought a new stake in Target during the second quarter valued at $25,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Target in the 3rd quarter valued at about $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at about $31,000. Key Financial Inc grew its position in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after buying an additional 151 shares during the last quarter. Finally, VSM Wealth Advisory LLC raised its stake in Target by 1,113.8% during the second quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after acquiring an additional 323 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on TGT. TD Cowen decreased their target price on Target from $105.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, November 20th. DA Davidson set a $120.00 price target on Target in a report on Monday, January 12th. Sanford C. Bernstein lowered their price objective on Target from $87.00 to $80.00 and set an “underperform” rating for the company in a research note on Thursday, November 20th. Bank of America dropped their target price on Target from $93.00 to $80.00 and set an “underperform” rating on the stock in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Target from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Ten research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $103.90.

Target Trading Up 2.6%

Shares of TGT stock opened at $115.61 on Tuesday. 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 1 year low of $83.44 and a 1 year high of $131.70. The stock has a fifty day moving average of $104.45 and a two-hundred day moving average of $96.99. The firm has a market capitalization of $52.35 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 11.83 and a beta of 1.14.

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

Target Dividend Announcement

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

Target 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.