M3 Wealth Management LLC Invests $1.31 Million in Target Corporation $TGT

M3 Wealth Management LLC bought a new stake in Target Corporation (NYSE:TGT) in the 1st quarter, Holdings Channel.com reports. The firm bought 10,775 shares of the retailer’s stock, valued at approximately $1,306,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. WFA of San Diego LLC acquired a new position in Target during the second quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target in the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Target during the 4th quarter worth approximately $26,000. Capital Advisors Ltd. LLC boosted its stake in shares of Target by 245.6% during 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 during the period. Finally, Global Wealth Strategies & Associates increased its holdings in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. KeyCorp restated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Wolfe Research raised shares of 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, June 23rd. Piper Sandler reiterated a “neutral” rating on shares of Target in a report on Friday, June 12th. Argus set a $150.00 price objective on shares of Target in a research report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $123.00 target price on shares of Target in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Target has an average rating of “Hold” and an average target price of $130.64.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on Friday, May 29th. The stock was 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 directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Target Stock Performance

NYSE TGT opened at $134.01 on Wednesday. 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 $60.87 billion, a P/E ratio of 17.70, a P/E/G ratio of 2.63 and a beta of 0.98. Target Corporation has a 12-month low of $83.44 and a 12-month high of $142.82. The firm has a 50-day moving average price of $128.61 and a two-hundred day moving average price of $119.71.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same period last year, the firm earned $1.30 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts anticipate that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

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

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.