Prospera Financial Services Inc Buys 4,201 Shares of Target Corporation $TGT

Prospera Financial Services Inc grew its stake in Target Corporation (NYSE:TGT) by 21.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,803 shares of the retailer’s stock after acquiring an additional 4,201 shares during the period. Prospera Financial Services Inc’s holdings in Target were worth $2,328,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Catalyst Funds Management Pty Ltd bought a new position in shares of Target in the 4th quarter valued at about $274,000. Jefferies Financial Group Inc. grew its holdings in shares of Target by 174.0% in the 4th quarter. Jefferies Financial Group Inc. now owns 132,145 shares of the retailer’s stock valued at $12,917,000 after acquiring an additional 83,913 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Target by 68.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,704 shares of the retailer’s stock valued at $362,000 after acquiring an additional 1,505 shares in the last quarter. Legato Capital Management LLC bought a new position in shares of Target in the 4th quarter valued at about $2,334,000. Finally, Advisory Alpha LLC bought a new position in shares of Target in the 4th quarter valued at about $315,000. Institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.4%

Target stock opened at $125.16 on Wednesday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. 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 capitalization of $56.85 billion, a P/E ratio of 16.53, a PEG ratio of 2.45 and a beta of 1.01. The stock has a 50-day simple moving average of $122.85 and a 200 day simple moving average of $110.22.

Target (NYSE:TGT) last issued 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 firm had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts expect that Target Corporation will post 8.35 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.6%. Target’s dividend payout ratio (DPR) is 60.24%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TGT. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $123.00 price target on shares of Target in a report on Friday, May 15th. Bank of America began coverage on Target in a report on Friday, February 27th. They set an “underperform” rating and a $103.00 price target for the company. Citigroup lifted their price target on Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price target on Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, BMO Capital Markets lifted their price target on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Target currently has an average rating of “Hold” and an average price target of $125.93.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

About Target

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.