Private Wealth Advisors LLC Invests $438,000 in Target Corporation $TGT

Private Wealth Advisors LLC purchased a new stake in shares of Target Corporation (NYSE:TGT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,356 shares of the retailer’s stock, valued at approximately $438,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP grew its holdings in shares of Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Target by 22.8% during the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after purchasing an additional 12,948 shares during the period. Sei Investments Co. grew its holdings in shares of Target by 8.0% during the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after purchasing an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in shares of Target by 11.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after purchasing an additional 27,063 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TGT has been the topic of several research analyst reports. Robert W. Baird boosted their price objective on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Citigroup increased their target price on shares of Target from $133.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Barclays reiterated an “underweight” rating on shares of Target in a research report on Monday, June 1st. Sanford C. Bernstein upped their price objective on shares of Target from $124.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Finally, Evercore set a $150.00 price objective on shares of Target in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $143.30.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the transaction, the insider 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Target Price Performance

TGT stock opened at $154.52 on Monday. The business’s fifty day moving average price is $138.02 and its 200 day moving average price is $126.29. Target Corporation has a 12-month low of $83.44 and a 12-month high of $156.47. 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 0.96.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion during 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%.Target’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend 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 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.