Fiduciary Alliance LLC Makes New $614,000 Investment in Target Corporation $TGT

Fiduciary Alliance LLC acquired a new stake in Target Corporation (NYSE:TGT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,997 shares of the retailer’s stock, valued at approximately $614,000.

Other hedge funds also recently modified their holdings of the company. Crawford Investment Counsel Inc. grew its position in shares of Target by 0.4% in the fourth quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after purchasing an additional 90 shares during the last quarter. Valtinson Bruner Financial Planning LLC boosted 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 purchasing an additional 92 shares during the period. Auxano Advisors LLC boosted 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 purchasing an additional 93 shares during the period. Neumann Capital Management LLC grew its holdings in Target by 0.8% in the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock valued at $1,298,000 after buying an additional 100 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in Target by 1.1% in the 4th quarter. Ausdal Financial Partners Inc. now owns 9,209 shares of the retailer’s stock valued at $900,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BNP Paribas Exane increased their target price on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. BMO Capital Markets lifted their price target on shares of Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada increased their price target on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Bank of America began coverage on Target in a research report on Friday, February 27th. They set an “underperform” rating and a $103.00 target price for the company. Finally, Telsey Advisory Group increased their target price on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Twelve analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $130.64.

Target Trading Up 0.5%

Shares of Target stock opened at $140.23 on Friday. The firm’s 50 day moving average is $128.00 and its 200 day moving average is $116.59. The firm has a market capitalization of $63.69 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.73 and a beta of 1.00. Target Corporation has a 1 year low of $83.44 and a 1 year high of $142.82. 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 earnings results 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 firm had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts forecast that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The company 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 $1.16 dividend. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio is 61.29%.

Insider Buying and Selling

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

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.