Beacon Financial Advisory LLC bought a new position in Target Corporation (NYSE:TGT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,554 shares of the retailer's stock, valued at approximately $1,248,000.
A number of other institutional investors have also added to or reduced their stakes in TGT. E Fund Management Co. Ltd. raised its position in Target by 4.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer's stock worth $228,000 after purchasing an additional 68 shares during the period. Wynn Capital LLC grew its position in shares of Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer's stock worth $1,104,000 after buying an additional 79 shares during the last quarter. Whipplewood Advisors LLC increased its position in Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer's stock valued at $70,000 after purchasing an additional 80 shares during the period. Prosperity Consulting Group LLC increased its position in shares of Target by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer's stock valued at $300,000 after buying an additional 81 shares during the period. Finally, Versant Capital Management Inc grew its holdings in shares of Target by 3.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer's stock worth $324,000 after acquiring an additional 82 shares during the period. Institutional investors own 79.73% of the company's stock.
Wall Street Analyst Weigh In
TGT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $150.00 price target on shares of Target in a research note on Thursday, August 20th. Freedom Capital downgraded Target from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. Oppenheimer boosted their target price on shares of Target from $140.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. BMO Capital Markets increased their price objective on shares of Target from $150.00 to $160.00 and gave the stock a "market perform" rating in a research note on Thursday, August 20th. Finally, Jefferies Financial Group lifted their target price on Target from $161.00 to $177.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of "Hold" and an average price target of $159.52.
Check Out Our Latest Stock Analysis on TGT
Insider Activity at Target
In other news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the sale, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the company's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the transaction, the insider owned 56,981 shares in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by insiders.
Target Price Performance
TGT stock opened at $163.75 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The company's fifty day moving average price is $145.43 and its 200-day moving average price is $130.64. Target Corporation has a one year low of $83.44 and a one year high of $170.75. The company has a market capitalization of $74.39 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 3.00 and a beta of 0.99.
Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to analysts' expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts anticipate that Target Corporation will post 8.84 EPS for the current fiscal year.
Target Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Target's previous quarterly dividend of $1.14. Target's dividend payout ratio is presently 48.18%.
About Target
(
Free Report)
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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