Kera Capital Partners Inc. Makes New Investment in Target Corporation $TGT

Kera Capital Partners Inc. purchased a new stake in shares of Target Corporation (NYSE:TGT) in the fourth quarter, HoldingsChannel reports. The firm purchased 5,182 shares of the retailer’s stock, valued at approximately $547,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TGT. Brighton Jones LLC raised its position in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Target by 39.9% during the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares during the last quarter. NewEdge Advisors LLC grew its stake in 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 during the last quarter. Sei Investments Co. increased its holdings in shares of Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after acquiring an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Target by 11.0% in 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 last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $130.82 on Friday. The stock’s fifty day simple moving average is $126.43 and its 200 day simple moving average is $115.00. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $59.42 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 2.55 and a beta of 1.00. Target Corporation has a 52-week low of $83.44 and a 52-week high of $137.87.

Target (NYSE:TGT) last released 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 during the quarter, compared to analyst estimates of $24.66 billion. During the same quarter in the previous year, the business earned $1.30 EPS. Target’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. As a group, sell-side analysts forecast that Target Corporation will post 8.35 earnings per share for the current fiscal 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 dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.5%. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is currently 60.24%.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the 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 directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Target in a report on Monday. Piper Sandler reiterated a “neutral” rating on shares of Target in a research report on Friday, June 12th. Barclays reaffirmed an “underweight” rating on shares of Target in a research note on Monday, June 1st. Royal Bank Of Canada boosted their price target on Target from $132.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, DA Davidson increased their price target on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $126.11.

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.