Nations Financial Group Inc. IA ADV Trims Stock Position in Target Corporation $TGT

Nations Financial Group Inc. IA ADV trimmed its position in Target Corporation (NYSE:TGT) by 40.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,459 shares of the retailer’s stock after selling 5,162 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Target were worth $904,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Target by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after buying an additional 286,499 shares in the last quarter. State Street Corp grew its position in Target by 0.3% during the fourth quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock worth $3,692,265,000 after buying an additional 124,468 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Target by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock worth $1,668,194,000 after buying an additional 561,898 shares in the last quarter. Franklin Resources Inc. increased its stake in Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after acquiring an additional 142,937 shares during the last quarter. Finally, Norges Bank bought a new position in Target in the 4th quarter worth about $587,903,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

TGT opened at $134.17 on Wednesday. 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 stock has a market capitalization of $60.94 billion, a P/E ratio of 17.72, a PEG ratio of 2.53 and a beta of 1.00. The stock has a 50-day moving average price of $126.79 and a 200-day moving average price of $115.74. Target Corporation has a 12-month low of $83.44 and a 12-month high of $137.87.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.Target’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts predict that Target Corporation will post 8.35 earnings per share for the current fiscal 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. This represents a $4.64 annualized dividend and a dividend yield of 3.5%. This is a boost 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 61.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGT. Barclays reiterated an “underweight” rating on shares of Target in a research report on Monday, June 1st. Piper Sandler restated a “neutral” rating on shares of Target in a research report on Friday, June 12th. Robert W. Baird raised their target price on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. Freedom Capital lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, BNP Paribas Exane boosted their price target on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $129.00.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’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 approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

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.