Bull Harbor Capital LLC Purchases Shares of 8,747 Target Corporation $TGT

Bull Harbor Capital LLC bought a new stake in Target Corporation (NYSE:TGT) during the first quarter, Holdings Channel.com reports. The fund bought 8,747 shares of the retailer’s stock, valued at approximately $1,060,000.

Several other institutional investors also recently added to or reduced their stakes in TGT. Ashton Thomas Securities LLC acquired a new stake in shares of Target during the 1st quarter worth approximately $284,000. Altshuler Shaham Ltd raised its stake in shares of Target by 36.8% in the first quarter. Altshuler Shaham Ltd now owns 364 shares of the retailer’s stock valued at $44,000 after purchasing an additional 98 shares in the last quarter. Amundi raised its stake in shares of Target by 18.3% in the first quarter. Amundi now owns 2,834,973 shares of the retailer’s stock valued at $343,594,000 after purchasing an additional 439,081 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Target by 19.3% in the first quarter. EverSource Wealth Advisors LLC now owns 4,420 shares of the retailer’s stock worth $536,000 after purchasing an additional 716 shares during the period. Finally, Empowered Funds LLC lifted its position in Target by 196.3% in the first quarter. Empowered Funds LLC now owns 131,261 shares of the retailer’s stock worth $15,909,000 after purchasing an additional 86,955 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TGT. Wolfe Research upgraded shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price target on the stock in a research note on Tuesday, June 23rd. Truist Financial raised their price objective on shares of Target from $123.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $123.00 price objective on shares of Target in a report on Friday, May 15th. Piper Sandler reissued a “neutral” rating on shares of Target in a research note on Friday, June 12th. Finally, Telsey Advisory Group increased their price target 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 equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $132.15.

Insiders Place Their Bets

In other Target 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 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. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Target Stock Up 1.3%

Shares of NYSE TGT opened at $146.09 on Thursday. The stock has a market cap of $66.35 billion, a PE ratio of 19.30, a PEG ratio of 2.82 and a beta of 0.98. The business has a fifty day moving average of $132.12 and a two-hundred day moving average of $122.76. Target Corporation has a 52-week low of $83.44 and a 52-week high of $147.77. 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 posted its earnings results 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. The business had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts expect that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

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