Target Corporation $TGT Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its stake in Target Corporation (NYSE:TGT) by 310.9% in the first quarter, HoldingsChannel.com reports. The fund owned 20,996 shares of the retailer’s stock after purchasing an additional 15,886 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Target were worth $2,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. WFA of San Diego LLC purchased a new stake in shares of Target during the second quarter worth about $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target during the fourth quarter valued at approximately $26,000. Global Wealth Strategies & Associates boosted its position in 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 acquiring an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in Target during the fourth quarter worth approximately $30,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

TGT stock opened at $140.23 on Monday. The stock has a 50-day moving average price of $128.00 and a two-hundred day moving average price of $116.76. Target Corporation has a 12-month low of $83.44 and a 12-month high of $142.82. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The company has a market cap 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 data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion for 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%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts predict that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The firm 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. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. 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%.

Insider Transactions at Target

In related 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 transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TGT shares. BMO Capital Markets boosted their price target on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, March 4th. Jefferies Financial Group lifted their price objective on Target from $140.00 to $161.00 and gave the company a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $123.00 price objective on shares of Target in a research report on Friday, May 15th. Truist Financial increased their target price on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research report on Thursday, June 11th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $130.64.

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.