Target Corporation $TGT Shares Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its holdings in shares of Target Corporation (NYSE:TGT) by 24.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,336 shares of the retailer’s stock after buying an additional 3,618 shares during the period. Valeo Financial Advisors LLC’s holdings in Target were worth $2,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beaird Harris Wealth Management LLC increased its position in Target by 94.9% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 760 shares of the retailer’s stock valued at $99,000 after acquiring an additional 370 shares during the period. Quantum Financial Advisors LLC bought a new stake in Target during the 2nd quarter valued at $209,000. Chesley Taft & Associates LLC boosted its position in Target by 8.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 8,936 shares of the retailer’s stock worth $1,167,000 after acquiring an additional 705 shares during the period. Victrix Investment Advisors boosted its position in Target by 8.7% during the 2nd quarter. Victrix Investment Advisors now owns 18,099 shares of the retailer’s stock worth $2,364,000 after acquiring an additional 1,449 shares during the period. Finally, Wynn Capital LLC grew its stake in shares of Target by 0.9% in the second quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock worth $1,104,000 after purchasing an additional 79 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Down 0.1%

Target stock opened at $149.50 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The firm has a market cap of $67.90 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.94 and a beta of 0.96. Target Corporation has a 1 year low of $83.44 and a 1 year high of $150.07. The firm’s 50 day moving average price is $135.01 and its two-hundred day moving average price is $124.64.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts predict that Target Corporation will post 8.32 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is presently 60.24%.

Analyst Ratings Changes

A number of research analysts have recently commented on TGT shares. Citigroup raised their price target on Target from $133.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Guggenheim upped their price objective on shares of Target from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $123.00 target price on shares of Target in a research report on Friday, May 15th. Wall Street Zen raised shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Wolfe Research set a $169.00 price target on shares of Target in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $136.89.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale 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 corporate insiders.

About Target

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.