Concurrent Investment Advisors LLC Has $12.62 Million Stock Holdings in Target Corporation $TGT

Concurrent Investment Advisors LLC lifted its position in shares of Target Corporation (NYSE:TGT) by 25.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,636 shares of the retailer’s stock after purchasing an additional 19,539 shares during the period. Concurrent Investment Advisors LLC’s holdings in Target were worth $12,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. E Fund Management Co. Ltd. grew its position in shares of Target by 4.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock valued at $228,000 after buying an additional 68 shares during the last quarter. Wynn Capital LLC boosted its holdings in shares of Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock worth $1,104,000 after buying an additional 79 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after acquiring an additional 80 shares during the period. Prosperity Consulting Group LLC grew its stake in shares of Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after acquiring an additional 81 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Target by 3.4% in the 2nd quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after acquiring an additional 82 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of TGT stock opened at $164.15 on Friday. 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 business has a fifty day moving average of $146.84 and a 200 day moving average of $131.57. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75. The firm has a market capitalization of $74.57 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 3.05 and a beta of 0.99.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, research analysts expect that Target Corporation will post 8.85 earnings per share for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend was Wednesday, August 12th. Target’s payout ratio is presently 48.18%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $150.00 price objective on Target in a research report on Thursday, August 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $154.00 price objective on shares of Target in a research report on Thursday, August 20th. Freedom Capital downgraded Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Telsey Advisory Group increased their price objective on Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Finally, Argus set a $150.00 target price on shares of Target in a research note on Friday, May 22nd. Eleven investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $159.52.

Insider Transactions at Target

In other Target news, insider Melissa Kremer sold 15,500 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $169.96, for a total value of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew Liegel sold 926 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

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.