World Investment Advisors Raises Stake in Target Corporation $TGT

World Investment Advisors grew its stake in Target Corporation (NYSE:TGTFree Report) by 80.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,726 shares of the retailer’s stock after acquiring an additional 5,665 shares during the quarter. World Investment Advisors’ holdings in Target were worth $1,244,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Advisortrust Partners LLC purchased a new position in Target during the fourth quarter worth about $4,290,000. PeakShares LLC purchased a new stake in shares of Target in the 4th quarter valued at approximately $141,000. Union Savings Bank purchased a new stake in shares of Target in the 4th quarter valued at approximately $134,000. Hsbc Holdings PLC increased its holdings in shares of Target by 5.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,735,323 shares of the retailer’s stock worth $169,654,000 after buying an additional 85,585 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Target during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated Friday, May 29th. The shares were 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 of the company’s stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TGT. Morgan Stanley upped their price objective on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. JPMorgan Chase & Co. lifted their target price on Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Roth Mkm reaffirmed a “neutral” rating and issued a $114.00 price target on shares of Target in a research note on Friday, May 22nd. Finally, BMO Capital Markets upped their price target on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $126.11.

Check Out Our Latest Stock Analysis on TGT

Target Stock Performance

NYSE:TGT opened at $130.82 on Monday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $137.87. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The company has a 50 day moving average price of $126.43 and a 200 day moving average price of $115.16. The stock has a market capitalization of $59.42 billion, a P/E ratio of 17.28, a PEG ratio of 2.55 and a beta of 1.00.

Target (NYSE:TGTGet Free Report) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same quarter in the previous year, the company earned $1.30 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts forecast that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.5%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is presently 60.24%.

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.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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