4,016 Shares in Target Corporation $TGT Bought by Inceptionr LLC

Inceptionr LLC acquired a new position in Target Corporation (NYSE:TGT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,016 shares of the retailer’s stock, valued at approximately $487,000.

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

Target Stock Up 0.1%

Shares of Target stock opened at $136.85 on Monday. 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 $62.16 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.67 and a beta of 0.98. Target Corporation has a 52-week low of $83.44 and a 52-week high of $144.40. The company has a 50-day simple moving average of $130.97 and a two-hundred day simple moving average of $121.94.

Target (NYSE:TGT) last posted its quarterly 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 firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is 60.24%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TGT shares. Weiss Ratings restated a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Truist Financial lifted their target price on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Piper Sandler restated a “neutral” rating on shares of Target in a research note on Friday, June 12th. Roth Capital reaffirmed a “neutral” rating and set a $114.00 price objective on shares of Target in a research report on Friday, May 22nd. Finally, Guggenheim lifted their price objective on Target from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.15.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was 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 in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

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.