Atlas Wealth LLC Acquires Shares of 7,619 Target Corporation $TGT

Atlas Wealth LLC purchased a new position in shares of Target Corporation (NYSE:TGT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,619 shares of the retailer’s stock, valued at approximately $923,000.

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Robert W. Baird increased their target price 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 boosted their price objective on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $123.00 price objective on shares of Target in a research note on Friday, May 15th. Finally, Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $131.96.

Target Stock Performance

NYSE TGT opened at $139.93 on Friday. The firm has a 50-day moving average of $129.35 and a 200-day moving average of $120.43. The stock has a market cap of $63.55 billion, a PE ratio of 18.48, a P/E/G ratio of 2.74 and a beta of 0.98. Target Corporation has a 52-week low of $83.44 and a 52-week high of $144.40. 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 for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The business had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the previous year, the company earned $1.30 EPS. The business’s revenue was up 6.7% on a year-over-year basis. 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 EPS for the current year.

Target Increases Dividend

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

Insider Transactions at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 completion of the transaction, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

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.