Collar Capital Management LLC bought a new position in Target Corporation (NYSE:TGT – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,834 shares of the retailer’s stock, valued at approximately $3,503,000. Target accounts for about 2.3% of Collar Capital Management LLC’s investment portfolio, making the stock its 12th largest position.
A number of other large investors have also added to or reduced their stakes in the stock. Valtinson Bruner Financial Planning LLC grew its position in Target by 2.6% in the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after purchasing an additional 92 shares during the period. Auxano Advisors LLC boosted its stake in shares of Target by 3.0% during the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after acquiring an additional 93 shares during the last quarter. Neumann Capital Management LLC boosted its stake in shares of Target by 0.8% during the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock worth $1,298,000 after acquiring an additional 100 shares during the last quarter. Binnacle Investments Inc boosted its stake in shares of Target by 11.4% during the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after acquiring an additional 104 shares during the last quarter. Finally, Mission Wealth Management LP boosted its stake in shares of Target by 1.6% during the 4th quarter. Mission Wealth Management LP now owns 6,937 shares of the retailer’s stock worth $678,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.
Insider Activity
In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company’s stock.
Target Stock Down 2.6%
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, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.
Target Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, May 13th. Target’s dividend payout ratio is presently 60.24%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on TGT. Roth Mkm reiterated a “neutral” rating and set a $114.00 price target on shares of Target in a research note on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Target in a research note on Monday, May 4th. Mizuho set a $120.00 price target on shares of Target in a research note on Thursday, March 5th. Piper Sandler lifted their price target on shares of Target from $121.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Finally, Truist Financial lifted their price target on shares of Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $125.93.
Read Our Latest Stock Analysis on Target
Target 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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