Diversify Wealth Management LLC Buys New Holdings in Target Corporation $TGT

Diversify Wealth Management LLC purchased a new position in Target Corporation (NYSE:TGT) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,924 shares of the retailer’s stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TGT. WFA of San Diego LLC acquired a new stake in Target during the 2nd quarter valued at approximately $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target during the 4th quarter worth approximately $26,000. Global Wealth Strategies & Associates increased its holdings in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 0.2%

TGT opened at $139.93 on Friday. The stock has a market capitalization of $63.55 billion, a PE ratio of 18.48, a P/E/G ratio of 2.74 and a beta of 0.98. Target Corporation has a one year low of $83.44 and a one year high of $144.40. 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 business’s 50 day moving average price is $129.35 and its 200 day moving average price is $120.43.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same quarter last year, the firm posted $1.30 earnings per share. Target’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. As a group, equities research analysts expect that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 3.3%. Target’s dividend payout ratio is 60.24%.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. DA Davidson upped their price objective on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Freedom Capital cut shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Wells Fargo & Company lifted their price target on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a research report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $123.00 price objective on shares of Target in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $131.96.

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.