Fort Washington Investment Advisors Inc. OH Buys 14,463 Shares of Target Corporation $TGT

Fort Washington Investment Advisors Inc. OH raised its stake in Target Corporation (NYSE:TGT) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 349,112 shares of the retailer’s stock after buying an additional 14,463 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Target were worth $42,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP lifted its holdings in shares of Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after buying an additional 11,047 shares during the period. NewEdge Advisors LLC grew its position in shares of Target by 22.8% during the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after buying an additional 12,948 shares in the last quarter. Sei Investments Co. grew its position in shares of Target by 8.0% during the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after buying an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after buying an additional 27,063 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Target Price Performance

TGT opened at $140.23 on Friday. The business’s 50-day moving average is $128.00 and its two-hundred day moving average is $116.59. Target Corporation has a 1 year low of $83.44 and a 1 year high of $142.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The firm has a market capitalization of $63.69 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.00.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating 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 business had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same period in the prior year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts anticipate 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. Investors of record on Wednesday, August 12th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change 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 currently 60.24%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Piper Sandler restated a “neutral” rating on shares of Target in a report on Friday, June 12th. Citigroup increased their target price on shares of Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Royal Bank Of Canada raised their target price on shares of Target from $132.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Morgan Stanley upped their price target on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Oppenheimer upped their price target on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Twelve research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $130.64.

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.