Personal CFO Solutions LLC Has $465,000 Stock Holdings in Target Corporation $TGT

Personal CFO Solutions LLC reduced its position in shares of Target Corporation (NYSE:TGT) by 51.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,838 shares of the retailer’s stock after selling 4,057 shares during the period. Personal CFO Solutions LLC’s holdings in Target were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TGT. Greenwood Capital Associates LLC acquired a new position in Target in the 1st quarter valued at approximately $2,190,000. Frank Rimerman Advisors LLC lifted its holdings in shares of Target by 7.8% during the first quarter. Frank Rimerman Advisors LLC now owns 6,352 shares of the retailer’s stock worth $770,000 after purchasing an additional 458 shares during the period. Virginia Wealth Management Group Inc. grew its stake in shares of Target by 108.7% in the first quarter. Virginia Wealth Management Group Inc. now owns 40,010 shares of the retailer’s stock worth $4,849,000 after purchasing an additional 20,836 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of Target by 36.9% in the first quarter. Axxcess Wealth Management LLC now owns 9,322 shares of the retailer’s stock worth $1,130,000 after purchasing an additional 2,514 shares during the last quarter. Finally, Duncker Streett & Co. Inc. increased its holdings in Target by 1,644.9% in the first quarter. Duncker Streett & Co. Inc. now owns 32,577 shares of the retailer’s stock valued at $3,948,000 after purchasing an additional 30,710 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TGT. Jefferies Financial Group raised their target price on Target from $140.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $123.00 price target on shares of Target in a research note on Friday, May 15th. Roth Capital restated a “neutral” rating and set a $114.00 price objective on shares of Target in a research report on Friday, May 22nd. Argus set a $150.00 price objective on Target in a research note on Friday, May 22nd. Finally, Robert W. Baird upped their target price on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Twelve analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $130.64.

Insider Activity

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the insider directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Target Trading Up 2.0%

TGT traded up $2.67 during trading on Friday, reaching $134.94. 3,403,029 shares of the stock traded hands, compared to its average volume of 4,556,986. 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 stock’s 50-day moving average is $128.40 and its 200 day moving average is $118.99. Target Corporation has a 12 month low of $83.44 and a 12 month high of $142.82. The stock has a market capitalization of $61.29 billion, a PE ratio of 17.83, a P/E/G ratio of 2.58 and a beta of 0.98.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts anticipate that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The firm 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 $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.4%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio 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.