Brady Martz Wealth Solutions LLC Invests $1.10 Million in Target Corporation $TGT

Brady Martz Wealth Solutions LLC acquired a new stake in Target Corporation (NYSE:TGT) during the first quarter, Holdings Channel reports. The institutional investor acquired 9,107 shares of the retailer’s stock, valued at approximately $1,104,000.

A number of other institutional investors have also made changes to their positions in the business. Cornerstone Planning LLC acquired a new stake in Target in the 4th quarter valued at $1,402,000. World Investment Advisors lifted its position in Target by 80.2% during the 4th quarter. World Investment Advisors now owns 12,726 shares of the retailer’s stock worth $1,244,000 after buying an additional 5,665 shares in the last quarter. Advisortrust Partners LLC acquired a new position in shares of Target during the 4th quarter worth about $4,290,000. PeakShares LLC acquired a new position in shares of Target during the 4th quarter worth about $141,000. Finally, Union Savings Bank bought a new position in shares of Target in the 4th quarter valued at about $134,000. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Roth Mkm reaffirmed a “neutral” rating and issued a $114.00 target price on shares of Target in a research report on Friday, May 22nd. Citigroup increased their price target on Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Mizuho set a $120.00 price target on Target in a research note on Thursday, March 5th. BMO Capital Markets boosted their price target on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $126.11.

Target Stock Up 0.1%

Shares of TGT stock opened at $130.82 on Friday. 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’s 50-day moving average is $126.43 and its 200-day moving average is $115.00. The stock has a market cap of $59.42 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 2.55 and a beta of 1.00. Target Corporation has a 52-week low of $83.44 and a 52-week high of $137.87.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter last year, the company posted $1.30 earnings per share. Target’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts predict that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The firm also recently disclosed 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 is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.5%. Target’s payout ratio is 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.