State of Wyoming Buys Shares of 4,538 Target Corporation $TGT

State of Wyoming purchased a new stake in Target Corporation (NYSE:TGT) during the second quarter, HoldingsChannel.com reports. The firm purchased 4,538 shares of the retailer’s stock, valued at approximately $593,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TGT. Winning Points Advisors LLC bought a new position in Target during the 4th quarter worth approximately $611,000. Franklin Resources Inc. increased its stake in Target by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after purchasing an additional 142,937 shares in the last quarter. Bogart Wealth LLC increased its stake in Target by 41.8% in the first quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock valued at $13,453,000 after purchasing an additional 32,746 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new stake in Target in the first quarter valued at approximately $6,686,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Target in the fourth quarter worth $27,470,000. 79.73% of the stock is currently owned by institutional investors.

Insider Activity at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays reissued an “underweight” rating on shares of Target in a research report on Monday, June 1st. Piper Sandler raised their price objective on Target from $127.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday. Telsey Advisory Group lifted their target price on Target from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday. Wolfe Research set a $169.00 target price on Target in a research note on Monday, August 3rd. Finally, Wells Fargo & Company increased their price target on Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. One investment 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 given a Sell rating to the company. According to MarketBeat, Target presently has a consensus rating of “Hold” and an average price target of $143.30.

Target Stock Up 0.0%

Target stock opened at $154.52 on Monday. The stock 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. Target Corporation has a twelve month low of $83.44 and a twelve month high of $156.47. 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 company has a 50 day moving average of $138.02 and a 200-day moving average of $126.29.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping 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 company had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. The firm’s 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 research analysts anticipate that Target Corporation will post 8.4 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a $1.16 dividend. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is presently 61.29%.

About Target

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.