Koss Olinger Consulting LLC Acquires Shares of 5,700 Target Corporation $TGT

Koss Olinger Consulting LLC acquired a new stake in Target Corporation (NYSE:TGT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,700 shares of the retailer’s stock, valued at approximately $691,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Target during the fourth quarter worth approximately $587,903,000. TOMS Capital Investment Management LP purchased a new stake in shares of Target during the fourth quarter worth approximately $257,571,000. AQR Capital Management LLC raised its holdings in Target by 243.8% during the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after purchasing an additional 2,035,298 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Target by 6,639.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock valued at $186,992,000 after purchasing an additional 1,884,577 shares during the period. Finally, Marshall Wace LLP raised its position in Target by 104.7% in the fourth quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock worth $6,403,000 after acquiring an additional 1,448,146 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Price Performance

TGT opened at $139.63 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $129.77 and its 200 day moving average price is $120.88. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $144.40. The firm has a market cap of $63.42 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98.

Target (NYSE:TGT) last issued 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. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same period last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts expect that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The business 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 $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 dividend yield of 3.3%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is currently 60.24%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TGT. Telsey Advisory Group lifted their price target on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wolfe Research raised shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 target price for the company in a research note on Tuesday, June 23rd. The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a research note on Thursday, June 11th. Guggenheim increased their target price on Target from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Target in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $132.15.

Insider Buying and Selling at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.