Target Corporation $TGT Shares Bought by United Asset Strategies Inc.

United Asset Strategies Inc. raised its position in Target Corporation (NYSE:TGT) by 105.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,721 shares of the retailer’s stock after acquiring an additional 5,490 shares during the period. United Asset Strategies Inc.’s holdings in Target were worth $1,119,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new stake in shares of Target in the 4th quarter worth $29,000. Heck Capital Advisors LLC acquired a new stake in shares of Target in the 4th quarter worth $40,000. Bellwether Advisors LLC acquired a new stake in shares of Target in the fourth quarter valued at about $47,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Target in the fourth quarter valued at about $49,000. Finally, Atwood & Palmer Inc. lifted its stake in shares of Target by 951.4% in the first quarter. Atwood & Palmer Inc. now owns 389 shares of the retailer’s stock valued at $41,000 after purchasing an additional 352 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity at Target

In other news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $96.18, for a total transaction of $4,328,100.00. Following the completion of the sale, the insider directly owned 246,453 shares in the company, valued at $23,703,849.54. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on TGT shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Target in a research note on Wednesday. UBS Group reduced their price objective on shares of Target from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday. DA Davidson reduced their price objective on shares of Target from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, May 22nd. Evercore ISI reduced their price objective on shares of Target from $108.00 to $106.00 and set an “in-line” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Target from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $113.55.

Target Price Performance

Shares of NYSE:TGT opened at $97.0770 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.99. The business’s fifty day moving average price is $101.99 and its two-hundred day moving average price is $104.11. The stock has a market cap of $44.11 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. Target Corporation has a one year low of $87.35 and a one year high of $161.84.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 20th. The retailer reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.01. The company had revenue of $24.99 billion during the quarter, compared to analysts’ expectations of $24.84 billion. Target had a return on equity of 23.43% and a net margin of 3.72%.The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.57 earnings per share. Target has set its FY 2025 guidance at 7.000-9.000 EPS. On average, analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 1st. Shareholders of record on Wednesday, August 13th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, August 13th. Target’s dividend payout ratio (DPR) is currently 50.11%.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.