Target Corporation $TGT Stock Holdings Boosted by Kinloch Capital LLC

Kinloch Capital LLC grew its position in shares of Target Corporation (NYSE:TGT) by 25.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 42,510 shares of the retailer’s stock after buying an additional 8,554 shares during the quarter. Target comprises about 2.0% of Kinloch Capital LLC’s investment portfolio, making the stock its 9th largest position. Kinloch Capital LLC’s holdings in Target were worth $5,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TGT. BlackRock Inc. bought a new stake in shares of Target in the second quarter worth about $5,054,604,000. Bank of New York Mellon Corp purchased a new position in Target during the 2nd quarter valued at about $831,466,000. Norges Bank bought a new position in Target during the 4th quarter valued at approximately $587,903,000. TOMS Capital Investment Management LP bought a new position in Target during the 4th quarter valued at approximately $257,571,000. Finally, AQR Capital Management LLC raised its position in Target by 243.8% during the 4th quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock valued at $280,563,000 after purchasing an additional 2,035,298 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares in the company, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were 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 of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Target Stock Performance

Shares of TGT opened at $169.96 on Tuesday. The company has a 50-day simple moving average of $141.55 and a two-hundred day simple moving average of $128.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The firm has a market capitalization of $77.20 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. Target Corporation has a one year low of $83.44 and a one year high of $170.75.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the prior year, the business earned $2.05 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, analysts anticipate that Target Corporation will post 8.84 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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. This represents a $4.64 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio is presently 48.18%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Target from $115.00 to $140.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 19th. Telsey Advisory Group upped their target price on Target from $170.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a research note on Friday, July 31st. Finally, Oppenheimer lifted their price target on shares of Target from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $159.52.

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.