Janus Henderson Group PLC Grows Stock Holdings in Target Corporation $TGT

Janus Henderson Group PLC increased its position in shares of Target Corporation (NYSE:TGT) by 41.5% in the first quarter, HoldingsChannel.com reports. The firm owned 61,449 shares of the retailer’s stock after acquiring an additional 18,036 shares during the quarter. Janus Henderson Group PLC’s holdings in Target were worth $7,439,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new position in shares of Target during the 2nd quarter worth about $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target during the 4th quarter worth about $26,000. Eagle Bay Advisors LLC purchased a new stake in Target during the fourth quarter worth approximately $30,000. Finally, MidFirst Bank purchased a new stake in Target during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TGT has been the topic of several recent analyst reports. Sanford C. Bernstein increased their price target on shares of Target from $124.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Evercore set a $150.00 price objective on shares of Target in a research report on Tuesday. Robert W. Baird upped their target price on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Wells Fargo & Company increased their target price on shares of Target from $140.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Truist Financial lifted their price target on shares of Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. One 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. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $135.04.

Target Trading Down 0.2%

TGT opened at $147.82 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a 52 week low of $83.44 and a 52 week high of $150.07. The business’s 50 day moving average is $134.19 and its two-hundred day moving average is $124.12. The firm has a market cap of $67.14 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 2.90 and a beta of 0.97.

Target (NYSE:TGT) last posted 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 business had revenue of $25.44 billion during 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%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts predict that Target Corporation will post 8.32 EPS for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.1%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is currently 60.24%.

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.