8,287 Shares in Target Corporation $TGT Acquired by Everest Financial Group LLC

Key Points

• Everest Financial Group LLC opened a new position in Target during the first quarter, buying 8,287 shares worth about $1.0 million.
• Target reported stronger-than-expected quarterly results, posting EPS of $1.71 versus the $1.47 estimate and revenue of $25.44 billion, up 6.7% year over year.
• The company raised its quarterly dividend to $1.16 per share from $1.14, implying an annualized yield of about 3.4%; analysts currently rate the stock a consensus Hold with a $132.15 price target.

Everest Financial Group LLC purchased a new stake in Target Corporation (NYSE:TGT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,287 shares of the retailer's stock, valued at approximately $1,004,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGT. OMERS ADMINISTRATION Corp boosted its position in Target by 29.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 21,444 shares of the retailer's stock worth $2,599,000 after purchasing an additional 4,826 shares during the period. Callodine Capital Management LP increased its holdings in Target by 39.8% in the 1st quarter. Callodine Capital Management LP now owns 176,142 shares of the retailer's stock valued at $21,348,000 after purchasing an additional 50,142 shares in the last quarter. Lombard Odier Asset Management Switzerland SA raised its position in Target by 27.4% in the first quarter. Lombard Odier Asset Management Switzerland SA now owns 43,255 shares of the retailer's stock valued at $5,243,000 after purchasing an additional 9,300 shares during the period. Waverly Advisors LLC raised its position in Target by 2.7% in the first quarter. Waverly Advisors LLC now owns 35,348 shares of the retailer's stock valued at $4,284,000 after purchasing an additional 935 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Target during the first quarter worth about $2,778,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Up 1.8%

Shares of Target stock opened at $136.85 on Friday. The business has a 50-day moving average of $130.97 and a 200-day moving average of $121.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The company has a market capitalization of $62.16 billion, a PE ratio of 18.08, a P/E/G ratio of 2.67 and a beta of 0.98. Target Corporation has a 1-year low of $83.44 and a 1-year high of $144.40.

Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The business had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.4%. This is a boost from Target's previous quarterly dividend of $1.14. Target's dividend payout ratio (DPR) is presently 60.24%.

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Jefferies Financial Group upped their target price on Target from $140.00 to $161.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Target in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $123.00 price target on shares of Target in a research report on Friday, May 15th. Citigroup upped their price target on Target from $117.00 to $133.00 and gave the stock a "neutral" rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Target in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $132.15.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company's stock, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

About Target

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.

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