Target Corporation $TGT Shares Purchased by Bogart Wealth LLC

Bogart Wealth LLC raised its stake in shares of Target Corporation (NYSE:TGT) by 41.8% during the first quarter, HoldingsChannel reports. The fund owned 111,001 shares of the retailer’s stock after acquiring an additional 32,746 shares during the quarter. Bogart Wealth LLC’s holdings in Target were worth $13,453,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after buying an additional 124,371 shares in the last quarter. Winning Points Advisors LLC bought a new stake in shares of Target during the 4th quarter worth about $611,000. Franklin Resources Inc. raised its position in shares of Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after buying an additional 142,937 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Target by 15.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after acquiring an additional 45,803 shares during the period. Finally, Mather Group LLC. boosted its holdings in shares of Target by 7.5% in the fourth quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock valued at $15,173,000 after acquiring an additional 10,839 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TGT shares. Piper Sandler reiterated a “neutral” rating on shares of Target in a research note on Friday, June 12th. Guggenheim upped their target price on Target from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $123.00 price target on shares of Target in a research note on Friday, May 15th. Argus set a $150.00 price target on Target in a research report on Friday, May 22nd. Finally, Jefferies Financial Group boosted their price objective on Target from $140.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $130.64.

Target Stock Performance

Shares of TGT opened at $130.31 on Monday. The firm’s 50 day moving average is $128.22 and its 200-day moving average is $117.99. The stock has a market capitalization of $59.19 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a 12-month low of $83.44 and a 12-month high of $142.82.

Target (NYSE:TGT) last released its 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 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 the consensus estimate of $24.66 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The business 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 $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio is currently 60.24%.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction 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 sale, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Target 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.