Grandfield & Dodd LLC Purchases New Shares in Target Corporation $TGT

Grandfield & Dodd LLC bought a new position in Target Corporation (NYSE:TGT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,542 shares of the retailer’s stock, valued at approximately $593,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the last quarter. Woodline Partners LP boosted its stake in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares during the period. NewEdge Advisors LLC boosted its position in shares of Target by 22.8% in the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after acquiring an additional 12,948 shares during the period. Sei Investments Co. boosted its holdings in Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after purchasing an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after buying an additional 27,063 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE:TGT opened at $150.94 on Tuesday. 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 50-day moving average price of $138.56 and a 200-day moving average price of $126.62. The company has a market cap 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 earnings results 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 return on equity of 22.92% and a net margin of 3.24%.The company 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 earnings per share. Target’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. As a group, equities analysts anticipate that Target Corporation will post 8.4 EPS 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 issued a dividend of $1.16 per share. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio is currently 61.29%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Target in a research note on Friday, July 31st. Guggenheim upped their price target on shares of Target from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Zacks Research raised Target from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Barclays reiterated an “underweight” rating on shares of Target in a report on Monday, June 1st. Finally, Freedom Capital cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.85.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. 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.

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.