Independent Financial Group LLC Purchases Shares of 4,692 Target Corporation $TGT

Independent Financial Group LLC acquired a new stake in shares of Target Corporation (NYSE:TGT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,692 shares of the retailer’s stock, valued at approximately $569,000.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in shares of Target by 16.0% in the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after acquiring an additional 80 shares during the last quarter. Prosperity Consulting Group LLC lifted its holdings in shares of Target by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock valued at $300,000 after purchasing an additional 81 shares during the last quarter. Howe & Rusling Inc. boosted its position in shares of Target by 3.1% in the 1st quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock valued at $358,000 after purchasing an additional 90 shares during the period. Crawford Investment Counsel Inc. boosted its position in shares of Target by 0.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after purchasing an additional 90 shares during the period. Finally, Valtinson Bruner Financial Planning LLC increased its stake in Target by 2.6% in the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after purchasing an additional 92 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares in the company, valued at $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 available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Target Trading Down 0.3%

Shares of NYSE TGT opened at $138.01 on Thursday. Target Corporation has a one year low of $83.44 and a one year high of $144.40. The firm has a market capitalization of $62.68 billion, a PE ratio of 18.23, a PEG ratio of 2.70 and a beta of 0.98. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $130.43 and a two-hundred day moving average price of $121.45.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company 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 firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts predict that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, August 12th. 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. Target’s dividend payout ratio (DPR) is currently 60.24%.

Analyst Ratings Changes

Several research firms have issued reports on TGT. Roth Capital restated a “neutral” rating and set a $114.00 price objective on shares of Target in a report on Friday, May 22nd. Piper Sandler reiterated a “neutral” rating on shares of Target in a report on Friday, June 12th. Royal Bank Of Canada lifted their target price on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Barclays restated an “underweight” rating on shares of Target in a report on Monday, June 1st. Finally, Zacks Research raised shares of Target from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. One 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.15.

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.