Western Wealth Management LLC Boosts Stake in Target Corporation $TGT

Western Wealth Management LLC raised its holdings in Target Corporation (NYSE:TGT) by 142.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,590 shares of the retailer’s stock after acquiring an additional 3,872 shares during the quarter. Western Wealth Management LLC’s holdings in Target were worth $799,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in TGT. WFA of San Diego LLC purchased a new position in shares of Target in the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc purchased a new stake in Target during the fourth quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in Target during the fourth quarter worth about $26,000. MidFirst Bank purchased a new position in Target in the fourth quarter valued at about $31,000. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Target by 245.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after acquiring an additional 194 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of NYSE TGT opened at $155.59 on Friday. The company has a 50-day simple moving average of $137.38 and a 200-day simple moving average of $125.94. 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 company has a market cap of $70.67 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 3.00 and a beta of 0.97. Target Corporation has a 12 month low of $83.44 and a 12 month high of $156.47.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (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 for the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The company’s quarterly 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. On average, equities analysts anticipate that Target Corporation will post 8.39 earnings per share for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. 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 3.0%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is currently 61.29%.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wolfe Research set a $169.00 price target on Target in a report on Monday, August 3rd. Argus set a $150.00 price objective on shares of Target in a research note on Friday, May 22nd. Oppenheimer lifted their price objective on Target from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday. Guggenheim upped their target price on Target from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Sanford C. Bernstein increased their target price on Target from $124.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.00.

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.