Copley Financial Group Inc. Purchases New Holdings in Target Corporation $TGT

Copley Financial Group Inc. purchased a new stake in Target Corporation (NYSE:TGT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,022 shares of the retailer’s stock, valued at approximately $589,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. Vanguard Group Inc. boosted its holdings in Target by 12.6% in the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after purchasing an additional 6,481,560 shares during the last quarter. Norges Bank purchased a new position in Target in the fourth quarter valued at about $587,903,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Target by 6,639.1% during 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 buying an additional 1,884,577 shares during the last quarter. Marshall Wace LLP lifted its holdings 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 buying an additional 1,448,146 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Target during the 4th quarter worth approximately $101,379,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Target Stock Up 0.3%

TGT opened at $133.54 on Wednesday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $137.87. 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 stock has a market cap of $60.65 billion, a P/E ratio of 17.64, a P/E/G ratio of 2.60 and a beta of 1.00. The stock’s 50 day moving average price is $125.93 and its 200 day moving average price is $114.33.

Target (NYSE:TGT) last posted 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. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm 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 EPS. The firm’s 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. As a group, research analysts predict that Target Corporation will post 8.35 earnings per share for the current 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 $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.5%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is 60.24%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research analyst reports. Morgan Stanley increased their target price on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Guggenheim increased their target price on Target from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a report on Thursday, May 21st. Oppenheimer increased their target price on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Finally, Citigroup increased their target price on Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $126.11.

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.