Grandfield & Dodd LLC Purchases New Position in Target Corporation $TGT

Grandfield & Dodd LLC purchased a new position in Target Corporation (NYSE:TGT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,542 shares of the retailer’s stock, valued at approximately $593,000.

Several other institutional investors and hedge funds have also bought and sold shares of TGT. WFA of San Diego LLC bought a new position in shares of Target in the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target in the 4th quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Target during the fourth quarter valued at approximately $26,000. MidFirst Bank bought a new stake in shares of Target during the fourth quarter valued at approximately $31,000. Finally, Capital Advisors Ltd. LLC grew its stake in Target by 245.6% in the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after purchasing an additional 194 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TGT. Robert W. Baird increased their price objective on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. upped their target price on shares of Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Sanford C. Bernstein upped their target price on shares of Target from $124.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. TD Cowen reiterated a “hold” rating on shares of Target in a research note on Monday, August 10th. Finally, Citigroup reissued a “market outperform” rating on shares of Target in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.85.

Target Stock Down 2.3%

TGT stock opened at $150.94 on Tuesday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $156.47. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a market cap of $68.56 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.51 and a beta of 0.96. The business has a 50 day moving average of $138.56 and a 200 day moving average of $126.62.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS 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 business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The company’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. On average, research analysts forecast that Target Corporation will post 8.4 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.1%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is presently 61.29%.

Insider Activity

In related 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 transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.