Vise Technologies Inc. Increases Stake in Target Corporation $TGT

Vise Technologies Inc. grew its position in Target Corporation (NYSE:TGT) by 44.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,817 shares of the retailer’s stock after acquiring an additional 4,228 shares during the quarter. Vise Technologies Inc.’s holdings in Target were worth $1,351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TGT. WFA of San Diego LLC purchased a new position in Target in the 2nd quarter worth about $25,000. Global Wealth Strategies & Associates increased its stake in Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares during the period. Eagle Bay Advisors LLC purchased a new position in Target in the 4th quarter worth about $30,000. Key Financial Inc increased its stake in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after buying an additional 151 shares during the period. Finally, True Wealth Design LLC increased its stake in Target by 168.9% in the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TGT shares. Evercore set a $130.00 price target on shares of Target in a research note on Monday, May 18th. The Goldman Sachs Group raised their price target on shares of Target from $112.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Guggenheim reaffirmed a “buy” rating and issued a $140.00 price target on shares of Target in a research note on Wednesday, May 20th. Royal Bank Of Canada raised their price target 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. Finally, Barclays reaffirmed an “underweight” rating on shares of Target in a research note on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and an average price target of $125.93.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Cara A. Sylvester sold 10,000 shares of the 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 sale, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by corporate insiders.

Target Stock Up 1.0%

NYSE:TGT opened at $123.79 on Tuesday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $133.10. The company has a 50-day moving average of $124.57 and a 200 day moving average of $112.43. The firm has a market cap of $56.22 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30.

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

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were paid a $1.14 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.7%. Target’s dividend payout ratio is 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.