Everett Harris & Co. CA Invests $472,000 in Target Corporation $TGT

Everett Harris & Co. CA bought a new position in shares of Target Corporation (NYSE:TGT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,613 shares of the retailer’s stock, valued at approximately $472,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. WFA of San Diego LLC bought a new stake in Target during the second quarter valued at $25,000. Jessup Wealth Management Inc bought a new position in shares of Target in the 4th quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in shares of Target in the 4th quarter valued at about $26,000. MidFirst Bank acquired a new position in shares of Target in the 4th quarter valued at about $31,000. Finally, Capital Advisors Ltd. LLC boosted 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 purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 0.6%

TGT stock opened at $154.52 on Friday. The stock’s 50 day simple moving average is $138.02 and its 200 day simple moving average is $126.14. The company has a market cap of $70.18 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.53 and a beta of 0.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $156.47.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion during 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%.The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts expect that Target Corporation will post 8.39 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. Investors of record on Wednesday, August 12th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is 61.29%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TGT. BMO Capital Markets raised their target price on Target from $130.00 to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $140.00 price target on shares of Target in a research note on Friday. Jefferies Financial Group increased their price target on Target from $161.00 to $177.00 and gave the stock a “buy” rating in a report on Friday. Telsey Advisory Group raised their price objective on shares of Target from $150.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays reiterated an “underweight” rating on shares of Target in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $143.30.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider 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 document filed with the SEC, which can be accessed through the SEC website. Company 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.