Kinloch Capital LLC Has $2.22 Million Stock Position in Target Corporation $TGT

Kinloch Capital LLC reduced its stake in Target Corporation (NYSE:TGT) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,720 shares of the retailer’s stock after selling 6,336 shares during the period. Kinloch Capital LLC’s holdings in Target were worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. WFA of San Diego LLC bought a new stake in Target in the second quarter valued at $25,000. Jessup Wealth Management Inc bought a new position in shares of Target during the fourth quarter valued at $25,000. Altshuler Shaham Ltd bought a new position in shares of Target during the fourth quarter valued at $26,000. Global Wealth Strategies & Associates boosted its stake in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Target in the 4th quarter valued at $30,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TGT. The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research report on Thursday, June 11th. Roth Mkm restated a “neutral” rating and issued a $114.00 price target on shares of Target in a research report on Friday, May 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research note on Friday, June 12th. DA Davidson lifted 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. Finally, Argus set a $150.00 target price on Target in a report on Friday, May 22nd. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.11.

Insiders Place Their Bets

In related news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Target Stock Up 2.4%

Shares of NYSE TGT opened at $130.82 on Friday. The firm’s 50-day simple moving average is $126.27 and its 200 day simple moving average is $114.88. The company has a market cap of $59.42 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 2.50 and a beta of 1.00. 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 Corporation has a 12-month low of $83.44 and a 12-month high of $137.87.

Target (NYSE:TGT) last posted its quarterly earnings data 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. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter last year, the company posted $1.30 EPS. The company’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. On average, research analysts expect that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently declared 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 an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is 60.24%.

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.