Avantax Planning Partners Inc. Has $352,000 Stock Holdings in Target Corporation $TGT

Avantax Planning Partners Inc. trimmed its stake in shares of Target Corporation (NYSE:TGT) by 75.6% in the first quarter, HoldingsChannel.com reports. The fund owned 2,905 shares of the retailer’s stock after selling 8,986 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Target were worth $352,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of TGT. Vanguard Group Inc. lifted its position in Target by 0.5% during the fourth 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 period. State Street Corp lifted its holdings 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 acquiring an additional 124,468 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 worth $1,668,194,000 after acquiring an additional 561,898 shares in the last quarter. Franklin Resources Inc. boosted its position 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 worth $605,507,000 after acquiring an additional 142,937 shares in the last quarter. Finally, Norges Bank bought a new position in Target in the fourth quarter valued at approximately $587,903,000. Institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Target Stock Up 3.3%

Shares of NYSE:TGT opened at $138.38 on Thursday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $142.82. The company has a market capitalization of $62.85 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The company has a fifty day moving average of $128.77 and a 200-day moving average of $120.00.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The company 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%.Target’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend 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 3.4%. Target’s payout ratio is 61.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Target from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Roth Capital reissued a “neutral” rating and set a $114.00 price target on shares of Target in a report on Friday, May 22nd. Royal Bank Of Canada upped their price objective on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Target in a research note on Thursday, June 11th. Finally, Barclays reiterated an “underweight” rating on shares of Target in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $130.64.

About Target

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.