Target Corporation $TGT Stock Holdings Decreased by Blackhawk Capital Partners LLC

Blackhawk Capital Partners LLC lessened its position in Target Corporation (NYSE:TGT) by 27.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,548 shares of the retailer’s stock after selling 4,661 shares during the quarter. Blackhawk Capital Partners LLC’s holdings in Target were worth $1,521,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Target in the fourth quarter worth $587,903,000. TOMS Capital Investment Management LP acquired a new position in Target during the fourth quarter valued at $257,571,000. AQR Capital Management LLC lifted its stake in Target by 243.8% in the 4th quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after acquiring an additional 2,035,298 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Target by 6,639.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock worth $186,992,000 after acquiring an additional 1,884,577 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Target by 104.7% during the 4th quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock worth $6,403,000 after acquiring an additional 1,448,146 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’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 sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TGT. Barclays reissued an “underweight” rating on shares of Target in a research report on Monday, June 1st. Piper Sandler reiterated a “neutral” rating on shares of Target in a report on Friday, June 12th. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a research note on Thursday, June 11th. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Roth Capital reissued a “neutral” rating and issued a $114.00 price target on shares of Target in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $130.64.

Target Price Performance

Shares of Target stock opened at $138.38 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $128.77 and a 200-day simple moving average of $120.00. The stock has a market capitalization of $62.85 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.62 and a beta of 0.98. Target Corporation has a 1-year low of $83.44 and a 1-year high of $142.82.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts expect that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.4%. Target’s payout ratio is currently 61.29%.

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.