Kinloch Capital LLC Sells 6,336 Shares of Target Corporation $TGT

Kinloch Capital LLC decreased its holdings in shares of Target Corporation (NYSE:TGT) by 21.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,720 shares of the retailer’s stock after selling 6,336 shares during the quarter. Kinloch Capital LLC’s holdings in Target were worth $2,221,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. First Trust Advisors LP raised its position in shares of Target by 10.9% during the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after purchasing an additional 124,371 shares during the period. Winning Points Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at approximately $611,000. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Target by 15.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after purchasing an additional 45,803 shares in the last quarter. Franklin Resources Inc. increased its stake in Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after purchasing an additional 142,937 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in Target by 7.5% during the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock worth $15,173,000 after buying an additional 10,839 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Target Trading Up 2.4%

Shares of NYSE:TGT opened at $130.82 on Friday. The company’s 50-day moving average price is $126.27 and its two-hundred day moving average price is $114.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a one year low of $83.44 and a one year high of $137.87. The stock has a market capitalization of $59.42 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 2.50 and a beta of 1.00.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating 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 return on equity of 22.92% and a net margin of 3.24%.Target’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The business 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 dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.5%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is currently 60.24%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Evercore set a $130.00 price target on shares of Target in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $123.00 price objective on shares of Target in a report on Friday, May 15th. UBS Group increased their target price on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a report on Thursday, June 11th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Target in a report on Thursday, May 21st. Eleven equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $126.11.

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.