Private Wealth Advisors LLC Purchases New Holdings in Target Corporation $TGT

Private Wealth Advisors LLC acquired a new position in Target Corporation (NYSE:TGT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,356 shares of the retailer’s stock, valued at approximately $438,000.

Several other large investors also recently bought and sold shares of TGT. Wynn Capital LLC raised its holdings in shares of Target by 0.9% during the second quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after acquiring an additional 79 shares during the last quarter. Whipplewood Advisors LLC lifted its position in shares of Target by 16.0% in the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after acquiring an additional 80 shares in the last quarter. Prosperity Consulting Group LLC boosted its stake in shares of Target by 3.4% in the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after acquiring an additional 81 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Target by 3.4% in the second quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after acquiring an additional 82 shares during the last quarter. Finally, Howe & Rusling Inc. increased its position in shares of Target by 3.1% during the first quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock worth $358,000 after purchasing an additional 90 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 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 approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Freedom Capital downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Roth Capital reaffirmed a “neutral” rating and set a $114.00 target price on shares of Target in a research note on Friday, May 22nd. Wells Fargo & Company upped their target price on shares of Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Robert W. Baird increased their target price on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Finally, Piper Sandler raised their price target on shares of Target from $127.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $143.30.

Target Price Performance

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 stock has a market cap of $70.18 billion, a PE ratio of 20.41, a P/E/G ratio of 2.51 and a beta of 0.96. 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 50 day moving average price of $138.02 and a 200 day moving average price of $126.29.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts expect that Target Corporation will post 8.4 EPS for the current fiscal 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 issued a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is presently 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.