Target Corporation $TGT Shares Purchased by Allied Investment Advisors LLC

Allied Investment Advisors LLC raised its holdings in Target Corporation (NYSE:TGT) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,077 shares of the retailer’s stock after purchasing an additional 4,522 shares during the quarter. Allied Investment Advisors LLC’s holdings in Target were worth $9,196,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Target by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after acquiring an additional 286,499 shares during the last quarter. State Street Corp lifted its position in Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after acquiring an additional 911,964 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Target by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after purchasing an additional 122,300 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Target by 10.2% in the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock valued at $350,742,000 after purchasing an additional 360,781 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Target by 0.8% in the third quarter. Legal & General Group Plc now owns 3,309,746 shares of the retailer’s stock valued at $296,884,000 after purchasing an additional 25,989 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TGT. Argus set a $150.00 price target on Target in a report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. BMO Capital Markets increased their price target on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. Roth Mkm reissued a “neutral” rating and set a $114.00 target price on shares of Target in a research note on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $125.93.

Target Stock Performance

Shares of TGT stock opened at $125.62 on Tuesday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.36 and a current ratio of 0.93. The stock has a fifty day moving average price of $122.69 and a 200 day moving average price of $109.99. The stock has a market cap of $57.05 billion, a PE ratio of 16.59, a P/E/G ratio of 3.60 and a beta of 1.01.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same period in the prior year, the company earned $1.30 EPS. The firm’s 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 forecast that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, May 13th. Target’s 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.