Cornerstone Planning LLC Takes $1.40 Million Position in Target Corporation $TGT

Cornerstone Planning LLC acquired a new stake in shares of Target Corporation (NYSE:TGT) during the fourth quarter, Holdings Channel reports. The firm acquired 14,268 shares of the retailer’s stock, valued at approximately $1,402,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new position in shares of Target during the 2nd quarter valued at $25,000. Jessup Wealth Management Inc bought a new stake in shares of Target in the 4th quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target in the fourth quarter valued at $26,000. Global Wealth Strategies & Associates lifted its holdings in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares during the period. Finally, Eagle Bay Advisors LLC bought a new position in Target during the fourth quarter valued at about $30,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.1%

Shares of Target stock opened at $130.82 on Friday. The stock’s fifty day moving average is $126.43 and its 200-day moving average is $115.00. The firm has a market capitalization of $59.42 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.00. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a 12-month low of $83.44 and a 12-month high of $137.87.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts anticipate that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid 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 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is currently 60.24%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TGT shares. Wells Fargo & Company lifted their target price on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $123.00 price target on shares of Target in a report on Friday, May 15th. JPMorgan Chase & Co. raised their price objective on shares of Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a report on Thursday, June 11th. Finally, Telsey Advisory Group increased their target price on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $126.11.

Insider Activity at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

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.