Global Retirement Partners LLC Purchases Shares of 13,871 Target Corporation $TGT

Global Retirement Partners LLC bought a new position in shares of Target Corporation (NYSE:TGT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,871 shares of the retailer’s stock, valued at approximately $1,812,000.

Other hedge funds have also added to or reduced their stakes in the company. WFA of San Diego LLC bought a new position in shares of Target in the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc purchased a new stake in shares of Target during the fourth quarter valued at $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target during the fourth quarter valued at approximately $26,000. MidFirst Bank purchased a new position in shares of Target in the 4th quarter worth $31,000. Finally, Capital Advisors Ltd. LLC increased its position in shares of Target by 245.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after purchasing an additional 194 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TGT. Royal Bank Of Canada lifted their target price on Target from $153.00 to $166.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a research report on Friday, July 31st. BMO Capital Markets boosted their price target on Target from $130.00 to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, August 11th. Finally, UBS Group increased their target price on shares of Target from $144.00 to $166.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $143.85.

Target Trading Down 2.3%

NYSE TGT opened at $150.94 on Tuesday. The firm’s fifty day moving average price is $138.56 and its 200 day moving average price is $126.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The company has a market capitalization of $68.56 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.51 and a beta of 0.96. Target Corporation has a 12 month low of $83.44 and a 12 month high of $156.47.

Target (NYSE:TGT) last posted its quarterly 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. Target had a return on equity of 22.92% and a net margin of 3.24%.The business had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same period last year, the firm earned $1.30 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts expect that Target Corporation will post 8.4 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently announced 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. 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 3.1%. Target’s dividend payout ratio is currently 61.29%.

Insider Transactions at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company 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.