Stoneridge Investment Partners LLC Buys Shares of 5,643 Target Corporation $TGT

Stoneridge Investment Partners LLC purchased a new position in shares of Target Corporation (NYSE:TGT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,643 shares of the retailer’s stock, valued at approximately $815,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. WFA of San Diego LLC bought a new stake in shares of Target during the second quarter valued at about $25,000. Jessup Wealth Management Inc bought a new position in Target in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in Target in the 4th quarter valued at about $26,000. MidFirst Bank acquired a new position in Target during the 4th quarter valued at about $31,000. Finally, Capital Advisors Ltd. LLC increased its stake in 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 buying an additional 194 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $154.52 on Friday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $156.47. 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 50-day moving average of $138.02 and a two-hundred day moving average of $126.14. The company has a market capitalization of $70.18 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.51 and a beta of 0.97.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The business’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, analysts expect that Target Corporation will post 8.4 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed 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 is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. Target’s payout ratio is currently 61.29%.

Analyst Ratings Changes

A number of analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Target from $130.00 to $150.00 and gave the stock a “market perform” rating in a research report on Tuesday. Zacks Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Telsey Advisory Group raised their price objective on shares of Target from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday. Jefferies Financial Group boosted their target price on Target from $161.00 to $177.00 and gave the stock a “buy” rating in a report on Friday. Finally, Roth Capital restated a “neutral” rating and issued a $114.00 target price on shares of Target in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.30.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction 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 transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate 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.