MOR Wealth Management LLC Takes Position in Target Corporation $TGT

MOR Wealth Management LLC bought a new stake in Target Corporation (NYSE:TGT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,135 shares of the retailer’s stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new position in shares of Target in the second quarter valued at about $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target during the fourth quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target during the fourth quarter worth about $26,000. Richardson Financial Services Inc. purchased a new stake in Target in the second quarter valued at approximately $26,000. Finally, Kimelman & Baird LLC purchased a new stake in Target in the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TGT. Deutsche Bank Aktiengesellschaft set a $150.00 price objective on shares of Target in a research note on Thursday, August 20th. Argus set a $150.00 price objective on shares of Target in a research note on Friday, May 22nd. TD Cowen raised their target price on shares of Target from $155.00 to $160.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Jefferies Financial Group boosted their target price on shares of Target from $161.00 to $177.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Target has a consensus rating of “Hold” and an average price target of $159.52.

Target Trading Up 0.1%

Target stock opened at $164.15 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The stock’s 50 day simple moving average is $146.84 and its two-hundred day simple moving average is $131.57. The firm has a market cap of $74.57 billion, a PE ratio of 17.05, a P/E/G ratio of 3.05 and a beta of 0.99.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Analysts anticipate that Target Corporation will post 8.85 earnings per share for the current year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were given a dividend of $1.16 per share. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, August 12th. Target’s dividend payout ratio (DPR) is 48.18%.

Insiders Place Their Bets

In other news, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This represents a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the sale, the insider owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by insiders.

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.