Global Retirement Partners LLC Takes Position in Target Corporation $TGT

Global Retirement Partners LLC purchased a new position in shares of Target Corporation (NYSE:TGT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,871 shares of the retailer's stock, valued at approximately $1,812,000.

Several other hedge funds have also added to or reduced their stakes in TGT. WFA of San Diego LLC bought a new position in Target during the 2nd quarter worth $25,000. Jessup Wealth Management Inc bought a new stake in Target during the 4th quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in shares of Target in the fourth quarter valued at approximately $26,000. MidFirst Bank acquired a new position in shares of Target during the fourth quarter worth $31,000. Finally, Capital Advisors Ltd. LLC grew its position in shares of Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer's stock valued at $33,000 after buying an additional 194 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TGT. Citigroup reissued a "market outperform" rating on shares of Target in a research note on Monday. The Goldman Sachs Group reissued a "neutral" rating on shares of Target in a research report on Thursday, June 11th. Truist Financial increased their price objective on Target from $130.00 to $147.00 and gave the stock a "hold" rating in a research note on Friday. Sanford C. Bernstein raised their price target on shares of Target from $124.00 to $135.00 and gave the company a "market perform" rating in a research report on Friday, July 31st. Finally, TD Cowen reissued a "hold" rating on shares of Target in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $143.85.

Target Stock Down 2.3%

TGT stock opened at $150.94 on Tuesday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $156.47. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $68.56 billion, a PE ratio of 19.94, a PEG ratio of 2.51 and a beta of 0.96. The stock has a 50-day simple moving average of $138.56 and a two-hundred day simple moving average of $126.62.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts predict that Target Corporation will post 8.4 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target's previous quarterly dividend of $1.14. Target's payout ratio is currently 61.29%.

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.

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