Everett Harris & Co. CA Purchases Shares of 3,613 Target Corporation $TGT

Everett Harris & Co. CA acquired a new position in shares of Target Corporation (NYSE:TGT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,613 shares of the retailer’s stock, valued at approximately $472,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Target in the second quarter valued at approximately $8,586,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Target during the second quarter valued at approximately $440,000. Plan Group Financial LLC bought a new stake in Target during the second quarter worth $219,000. Ballast Inc. grew its holdings in Target by 19.0% during the second quarter. Ballast Inc. now owns 19,604 shares of the retailer’s stock worth $2,560,000 after buying an additional 3,130 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC raised its position in Target by 4.7% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 2,269 shares of the retailer’s stock valued at $296,000 after buying an additional 101 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Down 0.6%

TGT stock opened at $154.52 on Friday. The stock has a market cap of $70.18 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.53 and a beta of 0.97. 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 stock’s fifty day simple moving average is $138.02 and its two-hundred day simple moving average is $126.14. Target Corporation has a 1-year low of $83.44 and a 1-year high of $156.47.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during 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 business’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts expect that Target Corporation will post 8.39 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a $1.16 dividend. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is presently 61.29%.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s 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 transaction, the insider directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TGT shares. Argus set a $150.00 price objective on Target in a research note on Friday, May 22nd. Truist Financial upped their target price on shares of Target from $130.00 to $147.00 and gave the stock a “hold” rating in a research note on Friday. Royal Bank Of Canada increased their target price on shares of Target from $153.00 to $166.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp reissued a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. Finally, Bank of America restated an “underperform” rating and set a $124.00 price target (up from $110.00) on shares of Target in a report on Wednesday. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $143.30.

Target Company 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.