5,643 Shares in Target Corporation $TGT Bought by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC purchased a new stake in Target Corporation (NYSE:TGT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,643 shares of the retailer’s stock, valued at approximately $815,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Target by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after buying an additional 286,499 shares during the last quarter. State Street Corp grew its position in shares of Target by 0.3% in the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock worth $3,692,265,000 after acquiring an additional 124,468 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Target by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock valued at $1,668,194,000 after acquiring an additional 561,898 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after acquiring an additional 142,937 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Target during the 4th quarter valued at approximately $587,903,000. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction dated 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 sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TGT has been the topic of several research analyst reports. Sanford C. Bernstein raised their price objective on Target from $124.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. DA Davidson boosted their target price on shares of Target from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Roth Capital reissued a “neutral” rating and set a $114.00 target price on shares of Target in a report on Friday, May 22nd. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a research report on Thursday, June 11th. Finally, Jefferies Financial Group lifted their price target on shares of Target from $161.00 to $177.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $143.30.

Target Trading Down 0.6%

NYSE:TGT opened at $154.52 on Friday. The firm has a market capitalization of $70.18 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.51 and a beta of 0.97. The business has a 50 day simple moving average of $138.02 and a 200 day simple moving average of $126.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a 12-month low of $83.44 and a 12-month high of $156.47.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the company earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts predict that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The company 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. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. Target’s dividend payout ratio is 61.29%.

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.