Target Corporation $TGT Stake Lowered by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC cut its stake in Target Corporation (NYSE:TGT) by 80.1% during the first quarter, HoldingsChannel reports. The fund owned 3,865 shares of the retailer’s stock after selling 15,521 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Target were worth $468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Target by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after purchasing an additional 286,499 shares during the last quarter. State Street Corp raised its stake in shares of Target by 0.3% during the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock worth $3,692,265,000 after purchasing an additional 124,468 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Target by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock valued at $1,668,194,000 after buying an additional 561,898 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after buying an additional 142,937 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Target in the 4th quarter valued at approximately $587,903,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TGT shares. Barclays restated an “underweight” rating on shares of Target in a report on Monday, June 1st. The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research note on Thursday, June 11th. Argus set a $150.00 target price on shares of Target in a research report on Friday, May 22nd. UBS Group increased their price target on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group raised their price target on shares of Target from $140.00 to $161.00 and gave the company a “buy” rating in a report on Friday, June 26th. Twelve equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $130.64.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on 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 transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $130.26 on Thursday. The business’s 50-day simple moving average is $128.26 and its 200-day simple moving average is $117.53. 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 Corporation has a 52 week low of $83.44 and a 52 week high of $142.82. The firm has a market cap of $59.16 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 2.55 and a beta of 0.98.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. The firm 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 company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts expect that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.6%. Target’s dividend payout ratio is presently 60.24%.

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.