Janney Montgomery Scott LLC Acquires 6,464 Shares of Target Corporation $TGT

Janney Montgomery Scott LLC raised its holdings in shares of Target Corporation (NYSE:TGT) by 0.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 702,774 shares of the retailer’s stock after purchasing an additional 6,464 shares during the period. Janney Montgomery Scott LLC owned 0.16% of Target worth $85,176,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fort Washington Investment Advisors Inc. OH increased its holdings in Target by 4.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 349,112 shares of the retailer’s stock valued at $42,312,000 after buying an additional 14,463 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Target by 0.4% during the first quarter. Pictet Asset Management Holding SA now owns 260,014 shares of the retailer’s stock worth $31,514,000 after buying an additional 1,154 shares during the period. Cambient Family Office LLC lifted its holdings in Target by 8.4% during the first quarter. Cambient Family Office LLC now owns 3,957 shares of the retailer’s stock worth $480,000 after buying an additional 306 shares during the period. Lewis Asset Management LLC boosted its position in Target by 12.8% during the 1st quarter. Lewis Asset Management LLC now owns 2,731 shares of the retailer’s stock valued at $331,000 after acquiring an additional 309 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Target during the 1st quarter valued at $48,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TGT. Guggenheim boosted their price target on Target from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. Argus set a $150.00 target price on Target in a research note on Friday, May 22nd. Citigroup boosted their target price on shares of Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Truist Financial increased their price target on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Twelve research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $130.64.

Target Stock Performance

Shares of TGT stock opened at $140.23 on Friday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $142.82. The business’s fifty day simple moving average is $128.00 and its 200-day simple moving average is $116.59. 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 company has a market cap of $63.69 billion, a PE ratio of 18.52, a PEG ratio of 2.74 and a beta of 1.00.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter last year, the firm earned $1.30 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts expect that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The firm 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. This represents a $4.64 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio is 60.24%.

Insiders Place Their Bets

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.