Diversify Wealth Management LLC Makes New $502,000 Investment in Target Corporation $TGT

Diversify Wealth Management LLC purchased a new stake in Target Corporation (NYSE:TGT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,924 shares of the retailer’s stock, valued at approximately $502,000.

A number of other hedge funds have also modified their holdings of the business. Whipplewood Advisors LLC grew its holdings in Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after buying an additional 80 shares during the last quarter. Howe & Rusling Inc. raised its holdings in shares of Target by 3.1% in the first quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock worth $358,000 after acquiring an additional 90 shares during the last quarter. Crawford Investment Counsel Inc. lifted its position in shares of Target by 0.4% in the fourth quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after acquiring an additional 90 shares in the last quarter. Valtinson Bruner Financial Planning LLC boosted its stake in shares of Target by 2.6% during the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after acquiring an additional 92 shares during the last quarter. Finally, Auxano Advisors LLC increased its position in Target by 3.0% during the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after purchasing an additional 93 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TGT shares. Wolfe Research upgraded shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 target price on the stock in a report on Tuesday, June 23rd. Freedom Capital downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Royal Bank Of Canada boosted their price objective on shares of Target from $132.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Weiss Ratings restated a “hold (c)” rating on shares of Target in a research report on Monday, May 4th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Target in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $131.96.

Target Stock Performance

NYSE:TGT opened at $139.93 on Friday. 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 market cap of $63.55 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.74 and a beta of 0.98. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $144.40. The firm’s 50 day moving average is $129.35 and its two-hundred day moving average is $120.43.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The company 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%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts expect that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.3%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s payout ratio is currently 60.24%.

Insiders Place Their Bets

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Target 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.