Winning Points Advisors LLC Invests $611,000 in Target Corporation $TGT

Winning Points Advisors LLC bought a new position in shares of Target Corporation (NYSE:TGT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,252 shares of the retailer’s stock, valued at approximately $611,000. Target accounts for about 0.6% of Winning Points Advisors LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors also recently modified their holdings of TGT. WFA of San Diego LLC acquired a new position in shares of Target during the second quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target during the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates raised its position in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of Target during the fourth quarter worth approximately $30,000. Finally, True Wealth Design LLC raised its position in shares of Target by 168.9% during the fourth quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after purchasing an additional 223 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TGT. Morgan Stanley upped their target price on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Truist Financial upped their target price on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Guggenheim reaffirmed a “buy” rating and set a $140.00 target price on shares of Target in a research report on Wednesday, May 20th. Finally, Piper Sandler upped their price target on Target from $121.00 to $127.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $125.93.

Target Trading Up 3.6%

Shares of Target stock opened at $132.59 on Friday. The stock has a fifty day simple moving average of $125.12 and a 200 day simple moving average of $113.34. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. The company has a market capitalization of $60.22 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 2.50 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last announced its quarterly earnings results 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 business had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. Target’s 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, sell-side analysts anticipate 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 dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.5%. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio is currently 60.24%.

Insider Buying and Selling at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

Target 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.