EJMK Ventures LLC Invests $539,000 in Target Corporation $TGT

EJMK Ventures LLC acquired a new stake in Target Corporation (NYSE:TGT) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 4,128 shares of the retailer’s stock, valued at approximately $539,000.

Several other large investors have also bought and sold shares of TGT. WFA of San Diego LLC bought a new stake in Target in the second quarter worth about $25,000. Jessup Wealth Management Inc acquired a new stake in Target in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in shares of Target during the 4th quarter valued at about $26,000. MidFirst Bank bought a new position in shares of Target during the 4th quarter valued at about $31,000. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after purchasing an additional 194 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred on 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 transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Target Price Performance

NYSE TGT opened at $154.52 on Friday. The stock’s 50-day moving average price is $138.02 and its two-hundred day moving average price is $126.14. 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 market cap of $70.18 billion, a PE ratio of 20.41, a PEG ratio of 2.51 and a beta of 0.97. Target Corporation has a 1 year low of $83.44 and a 1 year high of $156.47.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts predict that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is 61.29%.

Analyst Ratings Changes

TGT has been the topic of a number of research reports. TD Cowen reiterated a “hold” rating on shares of Target in a report on Monday, August 10th. Roth Capital restated a “neutral” rating and set a $114.00 target price on shares of Target in a report on Friday, May 22nd. Royal Bank Of Canada lifted their price target on shares of Target from $153.00 to $166.00 and gave the stock an “outperform” rating in a research report on Wednesday. Bank of America reaffirmed an “underperform” rating and issued a $124.00 price target (up from $110.00) on shares of Target in a report on Wednesday. Finally, DA Davidson increased their price objective on Target from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $143.30.

Target 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.