8,004 Shares in Target Corporation $TGT Acquired by Wills Financial Group LLC

Wills Financial Group LLC bought a new stake in Target Corporation (NYSE:TGT) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 8,004 shares of the retailer’s stock, valued at approximately $972,000.

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

Analysts Set New Price Targets

A number of research firms have weighed in on TGT. Barclays restated an “underweight” rating on shares of Target in a research note on Monday, June 1st. 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. Robert W. Baird increased their price objective on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Telsey Advisory Group raised their target price on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Wolfe Research upgraded Target from a “peer perform” rating to an “outperform” rating and set a $162.00 target price for the company in a research note on Tuesday, June 23rd. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $132.15.

Target Price Performance

Shares of TGT opened at $134.52 on Friday. 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 1-year low of $83.44 and a 1-year high of $144.40. The stock has a market cap of $61.10 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 2.69 and a beta of 0.98. The firm has a fifty day moving average price of $130.66 and a 200 day moving average price of $121.69.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same quarter last year, the company posted $1.30 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts anticipate that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.4%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is 60.24%.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 45,930 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.