Pavion Blue Capital LLC Acquires New Shares in Target Corporation $TGT

Pavion Blue Capital LLC acquired a new position in shares of Target Corporation (NYSE:TGT) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,593 shares of the retailer’s stock, valued at approximately $600,000.

A number of other hedge funds also recently added to or reduced their stakes in TGT. WFA of San Diego LLC bought a new position in shares of Target during the second quarter worth about $25,000. Jessup Wealth Management Inc acquired a new position in Target during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in Target in the 4th quarter worth about $26,000. Capital Advisors Ltd. LLC increased its stake in shares of Target by 245.6% in the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after purchasing an additional 194 shares during the period. Finally, Valued Wealth Advisors LLC increased its stake in shares of Target by 134.9% in the first quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock valued at $36,000 after purchasing an additional 170 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Target Price Performance

Shares of TGT opened at $150.94 on Tuesday. 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 firm has a market cap of $68.56 billion, a PE ratio of 19.94, a PEG ratio of 2.51 and a beta of 0.96. The firm’s 50 day moving average price is $138.56 and its 200 day moving average price is $126.62. Target Corporation has a twelve month low of $83.44 and a twelve month high of $156.47.

Target (NYSE:TGT) last posted 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 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 the consensus estimate of $24.66 billion. During the same period in the previous year, the firm 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. As a group, research analysts expect that Target Corporation will post 8.4 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. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. 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. This represents a $4.64 annualized dividend and a yield of 3.1%. Target’s dividend payout ratio (DPR) is currently 61.29%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TGT. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a research note on Thursday, June 11th. Roth Capital reiterated a “neutral” rating and set a $114.00 price objective on shares of Target in a research report on Friday, May 22nd. Freedom Capital lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. increased their target price on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Guggenheim boosted their price objective on shares of Target from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $143.85.

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.