Target Corporation $TGT Stock Position Raised by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its position in Target Corporation (NYSE:TGT) by 24.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,336 shares of the retailer’s stock after purchasing an additional 3,618 shares during the period. Valeo Financial Advisors LLC’s holdings in Target were worth $2,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA of San Diego LLC acquired a new stake in shares of Target in the second quarter worth $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target during the fourth quarter valued at $25,000. Altshuler Shaham Ltd acquired a new position in Target during the fourth quarter valued at $26,000. Capital Advisors Ltd. LLC raised its position in Target by 245.6% during the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after buying an additional 194 shares during the period. Finally, Valued Wealth Advisors LLC lifted its stake in Target by 134.9% in the 1st quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock worth $36,000 after acquiring an additional 170 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of NYSE TGT opened at $149.50 on Monday. The business’s 50-day moving average price is $135.01 and its two-hundred day moving average price is $124.64. 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 Corporation has a one year low of $83.44 and a one year high of $150.07. The company has a market capitalization of $67.90 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 2.94 and a beta of 0.96.

Target (NYSE:TGT) last issued 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. Target had a return on equity of 22.92% and a net margin of 3.24%.The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same period in the prior year, the firm posted $1.30 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts anticipate that Target Corporation will post 8.32 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. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is presently 60.24%.

Analyst Ratings Changes

TGT has been the subject of a number of research reports. Piper Sandler restated a “neutral” rating on shares of Target in a research report on Friday, June 12th. Sanford C. Bernstein upped their target price on Target from $124.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday. Evercore set a $150.00 price target on shares of Target in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Target in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $136.89.

Insider Buying and Selling

In related news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

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.