Duncker Streett & Co. Inc. Increases Stake in Target Corporation $TGT

Duncker Streett & Co. Inc. raised its position in Target Corporation (NYSE:TGT) by 1,644.9% in the 1st quarter, Holdings Channel reports. The fund owned 32,577 shares of the retailer’s stock after acquiring an additional 30,710 shares during the period. Duncker Streett & Co. Inc.’s holdings in Target were worth $3,948,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Target during the 4th quarter worth approximately $587,903,000. TOMS Capital Investment Management LP purchased a new stake in shares of Target in the fourth quarter valued at approximately $257,571,000. AQR Capital Management LLC grew its holdings in Target by 243.8% during the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after acquiring an additional 2,035,298 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Target by 6,639.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock worth $186,992,000 after acquiring an additional 1,884,577 shares during the period. Finally, Marshall Wace LLP raised its position in Target by 104.7% in the fourth quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock worth $6,403,000 after acquiring an additional 1,448,146 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Price Performance

Shares of NYSE:TGT opened at $127.55 on Wednesday. Target Corporation has a one year low of $83.44 and a one year high of $142.82. The stock has a market cap of $57.93 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.46 and a beta of 0.98. The business’s fifty day moving average price is $128.10 and its two-hundred day moving average price is $118.40. 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 (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.6%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is 60.24%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TGT. DA Davidson boosted their target price on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $123.00 price target on shares of Target in a report on Friday, May 15th. Wolfe Research raised shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price objective on the stock in a report on Tuesday, June 23rd. Roth Capital reaffirmed a “neutral” rating and issued a $114.00 target price on shares of Target in a report on Friday, May 22nd. Finally, Citigroup lifted their price target on shares of Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Twelve investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $130.64.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.