Quadrant Capital Group LLC Trims Stock Holdings in Target Corporation $TGT

Quadrant Capital Group LLC lowered its stake in shares of Target Corporation (NYSE:TGT) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 120,648 shares of the retailer’s stock after selling 6,941 shares during the period. Quadrant Capital Group LLC’s holdings in Target were worth $11,793,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TGT. WFA of San Diego LLC purchased a new position in shares of Target during the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates raised its stake in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Target during the 4th quarter valued at about $30,000. Finally, True Wealth Design LLC raised its stake in shares of Target by 168.9% during the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction dated 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $135.29 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $136.14. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $61.45 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 2.59 and a beta of 1.00. The stock’s 50-day moving average price is $125.42 and its 200-day moving average price is $113.50.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same period last year, the firm earned $1.30 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts expect that Target Corporation will post 8.35 EPS for the current fiscal 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 represents a $4.64 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is presently 60.24%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Mizuho set a $120.00 price objective on Target in a research note on Thursday, March 5th. Citigroup raised their target price on Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company raised their target price on Target from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Robert W. Baird raised their target price on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $126.11.

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.