20,383 Shares in Target Corporation $TGT Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC purchased a new stake in Target Corporation (NYSE:TGT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,383 shares of the retailer’s stock, valued at approximately $2,662,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TGT. Vanguard Group Inc. lifted its holdings in shares of Target by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after acquiring an additional 286,499 shares in the last quarter. State Street Corp increased its holdings in Target by 0.3% in the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after purchasing an additional 124,468 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Target by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock valued at $1,668,194,000 after purchasing an additional 561,898 shares during the period. Bank of New York Mellon Corp purchased a new position in Target in the second quarter valued at about $831,466,000. Finally, Franklin Resources Inc. lifted its stake in shares of Target by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after purchasing an additional 142,937 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TGT. Royal Bank Of Canada upped their target price on Target from $153.00 to $166.00 and gave the stock an “outperform” rating in a research report on Wednesday. Zacks Research raised Target from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. BMO Capital Markets upped their price target on Target from $130.00 to $150.00 and gave the stock a “market perform” rating in a report on Tuesday, August 11th. Argus set a $150.00 price objective on shares of Target in a research report on Friday, May 22nd. Finally, Bank of America reiterated an “underperform” rating and set a $124.00 price objective (up from $110.00) on shares of Target in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $143.30.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction 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 directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Target Trading Up 0.0%

NYSE:TGT opened at $154.52 on Monday. Target Corporation has a one year low of $83.44 and a one year high of $156.47. The business’s 50-day simple moving average is $138.02 and its 200 day simple moving average is $126.29. 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 stock has a market cap of $70.18 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.51 and a beta of 0.96.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts predict that Target Corporation will post 8.4 earnings per share for the current fiscal year.

Target Increases Dividend

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

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.