DMKC Advisory Services LLC Acquires 3,644 Shares of Target Corporation $TGT

DMKC Advisory Services LLC increased its holdings in Target Corporation (NYSE:TGT) by 15.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,674 shares of the retailer’s stock after purchasing an additional 3,644 shares during the quarter. DMKC Advisory Services LLC’s holdings in Target were worth $3,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TGT. Whipplewood Advisors LLC boosted its holdings in Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after acquiring an additional 80 shares during the period. Prosperity Consulting Group LLC lifted its position in Target by 3.4% in the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock valued at $300,000 after purchasing an additional 81 shares during the last quarter. Versant Capital Management Inc lifted its position in Target by 3.4% in the second quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock valued at $324,000 after purchasing an additional 82 shares during the last quarter. Howe & Rusling Inc. boosted its stake in shares of Target by 3.1% during the first quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock valued at $358,000 after purchasing an additional 90 shares during the period. Finally, Crawford Investment Counsel Inc. boosted its stake in shares of Target by 0.4% during the fourth quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after purchasing an additional 90 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of Target stock opened at $147.82 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The company has a market cap of $67.14 billion, a PE ratio of 19.53, a P/E/G ratio of 2.90 and a beta of 0.97. The business has a 50 day moving average of $134.19 and a 200 day moving average of $124.12. Target Corporation has a 52 week low of $83.44 and a 52 week high of $150.07.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts forecast that Target Corporation will post 8.32 earnings per share for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.1%. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is 60.24%.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TGT. DA Davidson lifted their target price on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. increased their price target on shares of Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Robert W. Baird boosted their price objective on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Evercore set a $150.00 price objective on shares of Target in a research note on Tuesday. Finally, Wells Fargo & Company increased their target price on shares of Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $135.04.

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.