Foster & Motley Inc. boosted its holdings in Target Corporation (NYSE:TGT – Free Report) by 24.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 36,675 shares of the retailer’s stock after acquiring an additional 7,224 shares during the period. Foster & Motley Inc.’s holdings in Target were worth $4,445,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of TGT. Brighton Jones LLC grew its stake in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares during the period. Woodline Partners LP lifted its position in Target by 39.9% during the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after purchasing an additional 11,047 shares during the period. NewEdge Advisors LLC boosted its holdings in Target by 22.8% in the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after purchasing an additional 12,948 shares during the last quarter. Sei Investments Co. boosted its holdings in Target by 8.0% in the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after purchasing an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in 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 purchasing an additional 27,063 shares during the period. Institutional investors own 79.73% of the company’s stock.
Analyst Upgrades and Downgrades
TGT has been the subject of a number of research reports. Citigroup boosted their target price on shares of Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Argus set a $150.00 price target on Target in a research note on Friday, May 22nd. JPMorgan Chase & Co. lifted their price objective on Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Wolfe Research upgraded Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price objective for the company in a research report on Tuesday. Finally, Freedom Capital downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Twelve investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $129.00.
Target Stock Down 1.1%
NYSE TGT opened at $139.65 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $142.82. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $63.43 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 2.76 and a beta of 1.00. The stock’s 50-day moving average price is $127.65 and its 200-day moving average price is $116.43.
Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $25.44 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts predict that Target Corporation will post 8.35 earnings per share for the current year.
Target Increases Dividend
The company also recently declared 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 is Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.3%. Target’s dividend payout ratio (DPR) is currently 60.24%.
Insider Buying and Selling at Target
In other news, 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 completion of the sale, the insider directly owned 45,930 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.
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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