Trivium Point Advisory LLC Acquires Shares of 4,747 Target Corporation $TGT

Trivium Point Advisory LLC acquired a new position in Target Corporation (NYSE:TGT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,747 shares of the retailer’s stock, valued at approximately $620,000.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares in the last quarter. Woodline Partners LP increased its position in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after acquiring an additional 11,047 shares in the last quarter. NewEdge Advisors LLC increased its position in Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after acquiring an additional 12,948 shares in the last quarter. Sei Investments Co. raised its stake in shares of Target by 8.0% in the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after acquiring an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake 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 worth $26,910,000 after acquiring an additional 27,063 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Target Stock Up 0.0%

Shares of NYSE TGT opened at $154.52 on Monday. The firm has a market capitalization of $70.18 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.51 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. Target Corporation has a 1 year low of $83.44 and a 1 year high of $156.47. The firm’s 50-day moving average is $138.02 and its 200-day moving average is $126.29.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts expect that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued 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 yield of 3.0%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is presently 61.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TGT shares. Argus set a $150.00 target price on shares of Target in a research report on Friday, May 22nd. Royal Bank Of Canada raised their price target on shares of Target from $153.00 to $166.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America restated an “underperform” rating and issued a $124.00 price objective (up from $110.00) on shares of Target in a research report on Wednesday. Barclays reaffirmed an “underweight” rating on shares of Target in a report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $140.00 price objective on shares of Target in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $143.30.

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.