Western Wealth Management LLC Purchases 3,872 Shares of Target Corporation $TGT

Western Wealth Management LLC lifted its position in shares of Target Corporation (NYSE:TGT) by 142.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,590 shares of the retailer’s stock after purchasing an additional 3,872 shares during the period. Western Wealth Management LLC’s holdings in Target were worth $799,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Edgestream Partners L.P. bought a new stake in shares of Target in the first quarter worth about $455,000. Kentucky Retirement Systems lifted its holdings in Target by 82.9% in the 1st quarter. Kentucky Retirement Systems now owns 52,186 shares of the retailer’s stock worth $6,325,000 after buying an additional 23,649 shares during the period. Janus Henderson Group PLC increased its stake in shares of Target by 41.5% during the first quarter. Janus Henderson Group PLC now owns 61,449 shares of the retailer’s stock valued at $7,439,000 after buying an additional 18,036 shares during the period. Bull Harbor Capital LLC purchased a new position in shares of Target during the first quarter valued at approximately $1,060,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Target during the first quarter valued at approximately $284,000. 79.73% of the stock is owned by institutional investors.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 45,930 shares of the company’s stock, 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 the SEC website. Company insiders own 0.13% of the company’s stock.

Target Stock Up 0.0%

Shares of NYSE:TGT opened at $144.55 on Monday. The firm has a market capitalization of $65.65 billion, a P/E ratio of 19.10, a P/E/G ratio of 2.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The stock has a 50 day moving average price of $132.87 and a 200-day moving average price of $123.30. Target Corporation has a 52-week low of $83.44 and a 52-week high of $147.77.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion for 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 firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts anticipate that Target Corporation will post 8.32 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.2%. Target’s dividend payout ratio (DPR) is presently 60.24%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Research raised shares of Target from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Wall Street Zen upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. DA Davidson raised their target price on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, Telsey Advisory Group raised their target price on shares of Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $133.48.

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.