Trivium Point Advisory LLC Makes New Investment in Target Corporation $TGT

Trivium Point Advisory LLC bought a new position in shares of Target Corporation (NYSE:TGT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 4,747 shares of the retailer’s stock, valued at approximately $620,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wynn Capital LLC raised its position in shares of Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after acquiring an additional 79 shares during the period. Whipplewood Advisors LLC boosted its stake in Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after acquiring an additional 80 shares during the last quarter. Prosperity Consulting Group LLC grew its holdings in Target by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock valued at $300,000 after purchasing an additional 81 shares during the period. Versant Capital Management Inc grew its holdings in Target by 3.4% during the second quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock valued at $324,000 after purchasing an additional 82 shares during the period. Finally, Howe & Rusling Inc. increased its stake in Target by 3.1% in the first quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock valued at $358,000 after purchasing an additional 90 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Shares of TGT opened at $154.52 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a twelve month low of $83.44 and a twelve month high of $156.47. The firm’s 50 day moving average price is $138.02 and its two-hundred day moving average price is $126.29. The firm has a market cap of $70.18 billion, a P/E ratio of 20.41, a PEG ratio of 2.51 and a beta of 0.96.

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. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the prior year, the company earned $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. On average, analysts forecast that Target Corporation will post 8.4 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is currently 61.29%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TGT. Wolfe Research set a $169.00 target price on shares of Target in a report on Monday, August 3rd. Wall Street Zen raised shares of Target from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Roth Capital restated a “neutral” rating and issued a $114.00 price objective on shares of Target in a research report on Friday, May 22nd. Barclays reaffirmed an “underweight” rating on shares of Target in a research note on Monday, June 1st. Finally, DA Davidson lifted their target price on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $143.30.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

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.