Elevation Point Wealth Partners LLC Has $4.26 Million Stock Position in Target Corporation $TGT

Elevation Point Wealth Partners LLC raised its position in shares of Target Corporation (NYSE:TGT) by 774.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,127 shares of the retailer’s stock after buying an additional 31,110 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Target were worth $4,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TGT. WFA of San Diego LLC bought a new position in Target in the second quarter valued at about $25,000. Jessup Wealth Management Inc bought a new position in shares of Target in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target during the 4th quarter worth approximately $26,000. Global Wealth Strategies & Associates raised its stake in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Target during the fourth quarter worth approximately $30,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 0.1%

TGT stock opened at $130.31 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The stock has a market capitalization of $59.19 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 2.54 and a beta of 0.98. The business’s fifty day moving average price is $128.22 and its two-hundred day moving average price is $117.85. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $142.82.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts anticipate that Target Corporation will post 8.35 earnings per share 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. This represents a $4.64 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is 60.24%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TGT. Robert W. Baird increased their price target on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. Evercore set a $130.00 price target on Target in a report on Monday, May 18th. JPMorgan Chase & Co. lifted their target price on Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Finally, Roth Mkm reissued a “neutral” rating and set a $114.00 price target on shares of Target in a research report on Friday, May 22nd. Twelve investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given 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 $130.64.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

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.