OneDigital Investment Advisors LLC Invests $3.67 Million in Target Corporation $TGT

Key Points

• OneDigital Investment Advisors initiated a $3.67 million Target position by purchasing 28,139 shares in the second quarter. Institutional investors collectively own 79.73% of Target’s outstanding stock.
• Analyst sentiment remains mixed: Target has a consensus rating of “Hold” and an average price target of $143.30, despite several analysts recently raising their targets.
• Target exceeded quarterly earnings and revenue estimates, reporting $1.71 in EPS on $25.44 billion in revenue. The company also raised its quarterly dividend to $1.16 per share, equivalent to a 3.0% annual yield.

OneDigital Investment Advisors LLC bought a new position in Target Corporation (NYSE:TGT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,139 shares of the retailer's stock, valued at approximately $3,675,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Wynn Capital LLC increased its position in Target by 0.9% during the second quarter. Wynn Capital LLC now owns 8,455 shares of the retailer's stock worth $1,104,000 after purchasing an additional 79 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Target by 16.0% in 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 last quarter. Prosperity Consulting Group LLC boosted its holdings in shares of Target by 3.4% in the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer's stock valued at $300,000 after purchasing an additional 81 shares during the last quarter. Versant Capital Management Inc grew its stake 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 valued at $324,000 after buying an additional 82 shares during the period. Finally, Howe & Rusling Inc. grew its stake in shares of Target by 3.1% during the 1st quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer's stock valued at $358,000 after buying an additional 90 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on TGT shares. DA Davidson increased their target price on Target from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, May 21st. Freedom Capital downgraded Target from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Argus set a $150.00 price target on Target in a research note on Friday, May 22nd. Royal Bank Of Canada lifted their price objective on Target from $153.00 to $166.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Truist Financial boosted their target price on Target from $130.00 to $147.00 and gave the stock a "hold" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $143.30.

Insider Buying and Selling

In related news, insider Cara A. Sylvester sold 10,000 shares of the business'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 transaction of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company's stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Target Stock Up 0.0%

Shares of Target stock opened at $154.52 on Monday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $156.47. The stock has a market cap of $70.18 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.51 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $138.02 and a 200 day moving average price of $126.29.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm's revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts forecast that Target Corporation will post 8.4 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, August 12th. This is an increase from Target's previous quarterly dividend of $1.14. Target's dividend payout ratio (DPR) is 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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