Focus Partners Advisor Solutions LLC Purchases New Holdings in Target Corporation $TGT

Focus Partners Advisor Solutions LLC acquired a new position in Target Corporation (NYSE:TGT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 24,803 shares of the retailer’s stock, valued at approximately $3,240,000.

Several other large investors have also recently bought and sold shares of TGT. Norges Bank bought a new position in Target in the 4th quarter valued at $587,903,000. TOMS Capital Investment Management LP bought a new stake in shares of Target during the fourth quarter worth $257,571,000. AQR Capital Management LLC lifted its stake in shares of Target by 243.8% during the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock valued at $280,563,000 after acquiring an additional 2,035,298 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Target by 6,639.1% during 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 acquiring an additional 1,884,577 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Target by 104.7% during the fourth quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock valued at $6,403,000 after acquiring an additional 1,448,146 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 0.6%

NYSE TGT opened at $154.52 on Friday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $156.47. The stock has a 50-day simple moving average of $138.02 and a 200 day simple moving average of $126.14. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $70.18 billion, a PE ratio of 20.41, a P/E/G ratio of 2.51 and a beta of 0.97.

Target (NYSE:TGT) last issued its 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 firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts forecast that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is 61.29%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research reports. TD Cowen reiterated a “hold” rating on shares of Target in a research report on Monday, August 10th. Piper Sandler upped their target price on shares of Target from $127.00 to $146.00 and gave the company a “neutral” rating in a research report on Friday. Royal Bank Of Canada raised their target price on shares of Target from $153.00 to $166.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group lifted their price target on shares of Target from $144.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Bank of America reissued an “underperform” rating and set a $124.00 price target (up from $110.00) on shares of Target in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $143.30.

Insiders Place Their Bets

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

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.