Target Corporation $TGT Shares Sold by Blackhawk Capital Partners LLC

Blackhawk Capital Partners LLC trimmed its position in Target Corporation (NYSE:TGT) by 27.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,548 shares of the retailer’s stock after selling 4,661 shares during the quarter. Blackhawk Capital Partners LLC’s holdings in Target were worth $1,521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new stake in Target during the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new position in Target during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new stake in Target during the fourth quarter worth approximately $26,000. Capital Advisors Ltd. LLC increased its position in shares of Target by 245.6% in the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after acquiring an additional 194 shares in the last quarter. Finally, Global Wealth Strategies & Associates increased its position in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TGT shares. Barclays restated an “underweight” rating on shares of Target in a research note on Monday, June 1st. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. DA Davidson increased their target price on Target from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a research report on Thursday, June 11th. Finally, Telsey Advisory Group upped 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $130.64.

Target Price Performance

Shares of NYSE:TGT opened at $138.38 on Thursday. The company has a market cap of $62.85 billion, a PE ratio of 18.28, a P/E/G ratio of 2.62 and a beta of 0.98. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $142.82. The firm has a 50-day simple moving average of $128.77 and a 200 day simple moving average of $120.00. The company has a quick ratio of 0.30, a current ratio of 0.93 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 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion during 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%.Target’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is currently 61.29%.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of Target 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 transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

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.