Target Corporation $TGT Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in shares of Target Corporation (NYSE:TGT) by 0.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 702,774 shares of the retailer’s stock after buying an additional 6,464 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Target were worth $85,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. WFA of San Diego LLC purchased a new stake in Target during the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target in the fourth quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target in the fourth quarter worth about $26,000. Global Wealth Strategies & Associates raised its stake in shares of Target by 192.0% in 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 last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Target during the fourth quarter worth about $30,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on TGT shares. Citigroup upped 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $123.00 price target on shares of Target in a research report on Friday, May 15th. Truist Financial upped their price objective on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Wells Fargo & Company increased their price objective on shares of Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Oppenheimer raised their target price on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Twelve research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $130.64.

Insider Transactions at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction on 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 sale, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Target Stock Up 0.5%

Target stock opened at $140.23 on Friday. The business’s 50-day moving average price is $128.00 and its 200 day moving average price is $116.59. 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 firm has a market cap of $63.69 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.00. Target Corporation has a 52 week low of $83.44 and a 52 week high of $142.82.

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, 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 company had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the previous year, the company posted $1.30 earnings per share. Target’s revenue for the quarter 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, sell-side analysts anticipate that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The company 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. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.3%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is presently 60.24%.

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.