373,503 Shares in Target Corporation $TGT Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC purchased a new position in Target Corporation (NYSE:TGT) during the second quarter, Holdings Channel reports. The fund purchased 373,503 shares of the retailer’s stock, valued at approximately $48,783,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new stake in shares of Target during the second quarter valued at approximately $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target in the fourth quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target in the fourth quarter worth $26,000. MidFirst Bank bought a new stake in Target during the 4th quarter valued at $31,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Target by 245.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after buying an additional 194 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

Shares of Target stock opened at $150.94 on Tuesday. The business has a 50 day moving average of $138.56 and a 200 day moving average of $126.62. Target Corporation has a 52 week low of $83.44 and a 52 week high of $156.47. The company has a market cap of $68.56 billion, a PE ratio of 19.94, a P/E/G ratio of 2.51 and a beta of 0.96. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The business 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 firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts forecast that Target Corporation will post 8.4 earnings per share for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.1%. 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 payout ratio is presently 61.29%.

Insider Buying and Selling at Target

In related 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 transaction of $1,258,900.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TGT. Sanford C. Bernstein raised their price target on shares of Target from $124.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Evercore set a $150.00 price objective on shares of Target in a research note on Tuesday, August 4th. Jefferies Financial Group increased their target price on shares of Target from $161.00 to $177.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen reissued a “hold” rating on shares of Target in a research note on Monday, August 10th. Finally, Robert W. Baird raised their target price on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $143.85.

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.