Arkfeld Wealth Strategies L.L.C. Purchases New Shares in Target Corporation $TGT

Arkfeld Wealth Strategies L.L.C. acquired a new stake in shares of Target Corporation (NYSE:TGT) in the first quarter, Holdings Channel reports. The fund acquired 13,164 shares of the retailer’s stock, valued at approximately $1,618,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TGT. Crawford Investment Counsel Inc. boosted its position in Target by 0.4% during the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock worth $1,971,000 after acquiring an additional 90 shares during the period. Valtinson Bruner Financial Planning LLC increased its stake in Target by 2.6% in the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after buying an additional 92 shares during the period. Auxano Advisors LLC increased its stake in Target by 3.0% in the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock valued at $312,000 after buying an additional 93 shares during the period. Neumann Capital Management LLC lifted its position in Target by 0.8% in the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock worth $1,298,000 after buying an additional 100 shares in the last quarter. Finally, Ausdal Financial Partners Inc. lifted its position in Target by 1.1% in the 4th quarter. Ausdal Financial Partners Inc. now owns 9,209 shares of the retailer’s stock worth $900,000 after buying an additional 102 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research analyst reports. Telsey Advisory Group boosted their price target on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Wall Street Zen upgraded Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. DA Davidson upped their target price on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, KeyCorp reaffirmed 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 assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $126.11.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

Target Trading Down 0.7%

Shares of NYSE:TGT opened at $129.84 on Tuesday. The stock has a market capitalization of $58.97 billion, a PE ratio of 17.15, a P/E/G ratio of 2.55 and a beta of 1.00. Target Corporation has a 1 year low of $83.44 and a 1 year high of $137.87. The firm has a fifty day moving average price of $126.54 and a 200 day moving average price of $115.44. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts expect that Target Corporation will post 8.35 EPS 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 issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio is currently 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.