Western Wealth Management LLC Boosts Holdings in Target Corporation $TGT

Western Wealth Management LLC boosted its stake in shares of Target Corporation (NYSE:TGTFree Report) by 142.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,590 shares of the retailer’s stock after purchasing an additional 3,872 shares during the period. Western Wealth Management LLC’s holdings in Target were worth $799,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new position in shares of Target during the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new stake in Target in the 4th quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Target in the 4th quarter valued at $26,000. MidFirst Bank purchased a new stake in Target in the 4th quarter worth $31,000. Finally, Capital Advisors Ltd. LLC increased its holdings in Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after acquiring an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.0%

NYSE TGT opened at $155.59 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The stock has a market capitalization of $70.67 billion, a P/E ratio of 20.55, a PEG ratio of 3.00 and a beta of 0.97. The firm’s 50-day moving average is $137.38 and its two-hundred day moving average is $125.94. Target Corporation has a 12 month low of $83.44 and a 12 month high of $156.47.

Target (NYSE:TGTGet Free Report) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.39 earnings per share for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, August 12th. Target’s payout ratio is currently 61.29%.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s 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 completion of the transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TGT shares. Guggenheim upped their price target on shares of Target from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Argus set a $150.00 price objective on Target in a report on Friday, May 22nd. Wolfe Research set a $169.00 price objective on Target in a research note on Monday, August 3rd. TD Cowen reissued a “hold” rating on shares of Target in a report on Monday. Finally, Citigroup raised their target price on Target from $133.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.00.

Get Our Latest Analysis on Target

Target Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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