Wellington Management Group LLP Boosts Holdings in Target Corporation $TGT

Wellington Management Group LLP lifted its position in shares of Target Corporation (NYSE:TGT) by 17.1% in the second quarter, Holdings Channel reports. The institutional investor owned 200,413 shares of the retailer’s stock after acquiring an additional 29,204 shares during the quarter. Wellington Management Group LLP’s holdings in Target were worth $26,176,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TGT. WFA of San Diego LLC acquired a new position in Target in the second quarter valued at approximately $25,000. Jessup Wealth Management Inc acquired a new stake in Target during the fourth quarter worth $25,000. Richardson Financial Services Inc. purchased a new stake in Target in the second quarter valued at $26,000. Kimelman & Baird LLC purchased a new stake in Target in the second quarter valued at $26,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of Target in the 4th quarter valued at $26,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares in the company, valued at approximately $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TGT shares. Wall Street Zen raised shares of Target from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Sanford C. Bernstein reissued a “market perform” rating and set a $154.00 target price on shares of Target in a research note on Thursday, August 20th. Freedom Capital cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Wells Fargo & Company boosted their price target on shares of Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Finally, TD Cowen raised their price objective on shares of Target from $155.00 to $160.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Target has an average rating of “Hold” and a consensus target price of $159.52.

Target Trading Up 0.1%

TGT opened at $164.15 on Friday. The business has a fifty day moving average price of $146.84 and a 200 day moving average price of $131.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The stock has a market capitalization of $74.57 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 3.06 and a beta of 0.99.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The company 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%.Target’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts expect that Target Corporation will post 8.85 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were given a $1.16 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is currently 48.18%.

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.