Wealthfront Advisers LLC Has $12.96 Million Stock Position in Target Corporation $TGT

Wealthfront Advisers LLC boosted its holdings in Target Corporation (NYSE:TGT) by 52.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 106,893 shares of the retailer’s stock after purchasing an additional 36,578 shares during the period. Wealthfront Advisers LLC’s holdings in Target were worth $12,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. WFA of San Diego LLC acquired a new stake in shares of Target in the second quarter worth $25,000. Jessup Wealth Management Inc bought a new position in Target during the fourth quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Target during the 4th quarter valued at $26,000. Global Wealth Strategies & Associates raised its stake in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in Target in the 4th quarter valued at $30,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

TGT has been the topic of several research analyst reports. Robert W. Baird raised their price target on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Royal Bank Of Canada increased their target price on shares of Target from $132.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Jefferies Financial Group lifted 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. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Zacks Research raised Target from a “hold” rating to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Target has an average rating of “Hold” and an average price target of $131.96.

Target Trading Up 1.2%

Shares of Target stock opened at $139.98 on Friday. The firm has a market capitalization of $63.58 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 2.70 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The company’s fifty day moving average price is $129.05 and its two-hundred day moving average price is $120.29. 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 data 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. The company had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, analysts expect that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.3%. 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 dividend payout ratio (DPR) is currently 60.24%.

About Target

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.