Flputnam Investment Management Co. Purchases Shares of 35,512 Target Corporation $TGT

Flputnam Investment Management Co. acquired a new stake in Target Corporation (NYSE:TGT) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 35,512 shares of the retailer’s stock, valued at approximately $4,638,000.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TGT. Guggenheim raised their price objective on shares of Target from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Wells Fargo & Company raised their price target on shares of Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. DA Davidson upped their price target on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Citigroup increased their price objective on Target from $133.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. 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 issued a Sell rating to the company. According to MarketBeat, the stock 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. 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 fifty day simple moving average of $138.02 and a 200 day simple moving average of $126.29. The company has a market cap of $70.18 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.51 and a beta of 0.96. Target Corporation has a 1 year low of $83.44 and a 1 year high of $156.47.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The firm 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 company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts predict that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 annualized dividend and a yield of 3.0%. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is 61.29%.

Insider Transactions at Target

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

Target 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.