Inceptionr LLC Takes Position in Target Corporation $TGT

Inceptionr LLC acquired a new stake in shares of Target Corporation (NYSE:TGT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,016 shares of the retailer’s stock, valued at approximately $487,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Target during the fourth quarter worth approximately $587,903,000. TOMS Capital Investment Management LP purchased a new stake in shares of Target in the 4th quarter valued at $257,571,000. AQR Capital Management LLC grew its holdings in shares of 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. Healthcare of Ontario Pension Plan Trust Fund raised its position in Target by 6,639.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock worth $186,992,000 after purchasing an additional 1,884,577 shares during the period. Finally, Marshall Wace LLP lifted its stake in Target by 104.7% in the fourth quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock worth $6,403,000 after purchasing an additional 1,448,146 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of TGT stock opened at $136.85 on Monday. The firm has a market cap of $62.16 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.67 and a beta of 0.98. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $144.40. The business’s 50 day moving average price is $130.97 and its 200-day moving average price is $121.94. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts anticipate that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. 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 annualized dividend and a yield of 3.4%. Target’s dividend payout ratio (DPR) is currently 60.24%.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TGT shares. Jefferies Financial Group upped their price target on shares of Target from $140.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. boosted their target price on Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. DA Davidson raised their price target on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Robert W. Baird lifted their price target on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $132.15.

Target Company 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.