4,997 Shares in Target Corporation $TGT Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC acquired a new stake in shares of Target Corporation (NYSE:TGT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,997 shares of the retailer’s stock, valued at approximately $614,000.

Several other hedge funds also recently modified their holdings of the stock. WFA of San Diego LLC purchased a new stake in shares of Target during the second quarter worth $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target in the 4th quarter worth about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target during the fourth quarter valued at approximately $26,000. Global Wealth Strategies & Associates grew its position in Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares during the period. Finally, Eagle Bay Advisors LLC bought a new position in shares of Target in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of Target 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 transaction, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $140.23 on Friday. The stock has a market cap of $63.69 billion, a PE ratio of 18.52, a P/E/G ratio of 2.73 and a beta of 1.00. Target Corporation has a 1 year low of $83.44 and a 1 year high of $142.82. 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 fifty day moving average price of $128.00 and a 200 day moving average price of $116.59.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The business had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts forecast that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.3%. Target’s dividend payout ratio is currently 61.29%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Target from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Evercore set a $130.00 price objective on Target in a research report on Monday, May 18th. Argus set a $150.00 price target on shares of Target in a research note on Friday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of Target from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, Telsey Advisory Group upped their price target on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Twelve analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $130.64.

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.