Target Corporation $TGT Shares Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lifted its stake in shares of Target Corporation (NYSE:TGT) by 266.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,386 shares of the retailer’s stock after purchasing an additional 14,091 shares during the period. Impact Partnership Wealth LLC’s holdings in Target were worth $1,895,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Target by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after acquiring an additional 286,499 shares during the period. State Street Corp increased its stake in shares of Target by 2.5% during the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after acquiring an additional 911,964 shares during the period. Norges Bank acquired a new position in shares of Target during the fourth quarter valued at approximately $587,903,000. Dimensional Fund Advisors LP increased its stake in shares of Target by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after acquiring an additional 122,300 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Target by 10.2% during the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock valued at $350,742,000 after acquiring an additional 360,781 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Target Trading Down 1.1%

Target stock opened at $127.25 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The firm has a market cap of $57.80 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The firm’s 50 day moving average price is $123.56 and its two-hundred day moving average price is $110.87.

Target (NYSE:TGT) last posted its quarterly earnings results 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. The firm had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.6%. Target’s payout ratio is 60.24%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TGT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Target in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $123.00 price objective on shares of Target in a research note on Friday, May 15th. BMO Capital Markets raised their price objective on shares of Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. Argus set a $150.00 price objective on shares of Target in a research note on Friday, May 22nd. Finally, Freedom Capital lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Eleven analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Target has a consensus rating of “Hold” and an average target price of $125.93.

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.