Cetera Investment Advisers Purchases 20,232 Shares of Target Corporation $TGT

Cetera Investment Advisers lifted its position in shares of Target Corporation (NYSE:TGTFree Report) by 7.6% in the first quarter, Holdings Channel reports. The institutional investor owned 286,299 shares of the retailer’s stock after acquiring an additional 20,232 shares during the period. Cetera Investment Advisers’ holdings in Target were worth $34,699,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TGT. Whipplewood Advisors LLC grew its stake in shares of Target by 16.0% in the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after acquiring an additional 80 shares in the last quarter. Prosperity Consulting Group LLC increased its position in Target by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after acquiring an additional 81 shares during the period. Howe & Rusling Inc. raised its stake in Target by 3.1% in the 1st quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock worth $358,000 after purchasing an additional 90 shares in the last quarter. Crawford Investment Counsel Inc. raised its stake in Target by 0.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock worth $1,971,000 after purchasing an additional 90 shares in the last quarter. Finally, Valtinson Bruner Financial Planning LLC raised its stake 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 in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Target in a research report on Monday, May 4th. Evercore set a $130.00 price target on shares of Target in a research report on Monday, May 18th. Guggenheim boosted their price target on Target from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 20th. KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $123.00 price target on shares of Target in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $132.15.

View Our Latest Report on Target

Insider Transactions at Target

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

Target Trading Up 1.8%

TGT opened at $136.85 on Friday. The stock has a market capitalization of $62.16 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 2.67 and a beta of 0.98. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a twelve month low of $83.44 and a twelve month high of $144.40. The company has a 50-day simple moving average of $130.97 and a 200 day simple moving average of $121.80.

Target (NYSE:TGTGet Free Report) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 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 analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.4%. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is 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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