14,376 Shares in Target Corporation $TGT Purchased by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd purchased a new stake in shares of Target Corporation (NYSE:TGT) during the 1st quarter, Holdings Channel.com reports. The fund purchased 14,376 shares of the retailer’s stock, valued at approximately $1,742,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. WFA of San Diego LLC bought a new stake in shares of Target during the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc purchased a new stake in Target in the fourth quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in Target in the fourth quarter worth $26,000. Capital Advisors Ltd. LLC lifted its position in shares of Target by 245.6% during the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after purchasing an additional 194 shares during the last quarter. Finally, Global Wealth Strategies & Associates lifted its position in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TGT shares. Wall Street Zen upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Freedom Capital lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Jefferies Financial Group upped their price target on shares of Target from $140.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Target from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, BMO Capital Markets boosted their price objective on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 4th. Twelve analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $130.64.

Target Stock Performance

Shares of Target stock opened at $130.65 on Wednesday. The company has a market capitalization of $59.34 billion, a PE ratio of 17.26, a P/E/G ratio of 2.62 and a beta of 1.00. 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 company has a 50-day simple moving average of $128.26 and a two-hundred day simple moving average of $117.29. Target Corporation has a one year low of $83.44 and a one year high of $142.82.

Target (NYSE:TGT) last released its quarterly 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. Target had a net margin of 3.24% and a return on equity of 22.92%. The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same period last year, the business earned $1.30 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts expect that Target Corporation will post 8.35 EPS 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 paid a $1.16 dividend. This represents a $4.64 annualized dividend 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 payout ratio is 60.24%.

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.