Jones Financial Companies Lllp lifted its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 342,773 shares of the retailer's stock after buying an additional 7,529 shares during the period. Jones Financial Companies Lllp owned approximately 0.08% of Target worth $48,051,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock worth $822,000 after purchasing an additional 3,059 shares during the last quarter. Woodline Partners LP increased its stake in Target by 39.9% in 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 during the period. NewEdge Advisors LLC increased its stake in Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer's stock valued at $6,872,000 after buying an additional 12,948 shares during the period. Sei Investments Co. raised its position in Target by 8.0% during the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer's stock worth $18,832,000 after buying an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Target by 11.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer's stock worth $26,910,000 after acquiring an additional 27,063 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Target
In other news, CAO Matthew A. Liegel sold 926 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares of the company's stock, valued at $2,005,613.66. This trade represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
TGT has been the topic of several analyst reports. Argus set a $150.00 target price on shares of Target in a report on Friday, May 22nd. The Goldman Sachs Group raised their price objective on shares of Target from $127.00 to $161.00 and gave the company a "neutral" rating in a research report on Thursday. Royal Bank Of Canada lifted their price objective on Target from $166.00 to $178.00 and gave the company an "outperform" rating in a report on Thursday, August 20th. JPMorgan Chase & Co. boosted their target price on Target from $129.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Finally, BMO Capital Markets increased their target price on Target from $150.00 to $160.00 and gave the stock a "market perform" rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $159.52.
Get Our Latest Report on Target
Target Trading Up 2.7%
Shares of TGT opened at $169.96 on Tuesday. The firm's 50-day moving average is $141.55 and its two-hundred day moving average is $128.55. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $77.20 billion, a P/E ratio of 17.65, a PEG ratio of 3.34 and a beta of 0.96.
Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. The firm had revenue of $26.54 billion during the quarter, compared to analysts' expectations of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.Target's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts predict that Target Corporation will post 8.84 earnings per share for the current fiscal year.
Target Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.7%. This is a boost from Target's previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target's payout ratio is currently 48.18%.
Target Company Profile
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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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