Jones Financial Companies Lllp boosted its holdings in Target Corporation (NYSE:TGT – Free Report) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 342,773 shares of the retailer’s stock after buying an additional 7,529 shares during the period. Jones Financial Companies Lllp’s holdings in Target were worth $48,051,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Winning Points Advisors LLC purchased a new stake in Target during the fourth quarter worth approximately $611,000. Franklin Resources Inc. increased its holdings in Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after purchasing an additional 142,937 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of Target by 41.8% in the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock valued at $13,453,000 after purchasing an additional 32,746 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Target during the first quarter valued at approximately $6,686,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Target during the fourth quarter valued at $27,470,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Target
In related news, CAO Matthew A. Liegel sold 926 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company’s stock.
Target Stock Performance
Target (NYSE:TGT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period last year, the business posted $2.05 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts expect that Target Corporation will post 8.84 EPS for the current year.
Target Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.7%. Target’s dividend payout ratio is currently 48.18%.
Analysts Set New Price Targets
Several brokerages recently issued reports on TGT. TD Cowen raised their price target on Target from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. DA Davidson raised their price objective on shares of Target from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. BMO Capital Markets boosted their target price on Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday. Wolfe Research set a $169.00 target price on Target in a report on Monday, August 3rd. Finally, Jefferies Financial Group increased their target price on shares of Target from $161.00 to $177.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $159.52.
Get Our Latest Stock Report on Target
Target Company 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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