Corient Private Wealth LP Purchases 518,551 Shares of Target Corporation $TGT

Corient Private Wealth LP increased its position in shares of Target Corporation (NYSE:TGT) by 5,812.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 527,473 shares of the retailer’s stock after purchasing an additional 518,551 shares during the quarter. Corient Private Wealth LP owned approximately 0.12% of Target worth $68,893,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. E Fund Management Co. Ltd. lifted its position in shares of Target by 4.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after buying an additional 68 shares in the last quarter. Wynn Capital LLC grew its holdings in shares of Target by 0.9% in the second quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after acquiring an additional 79 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Target by 16.0% in the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after acquiring an additional 80 shares in the last quarter. Prosperity Consulting Group LLC increased its position in shares of Target by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock valued at $300,000 after acquiring an additional 81 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Target by 3.4% during the second quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock valued at $324,000 after acquiring an additional 82 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

TGT has been the topic of a number of recent analyst reports. Zacks Research lowered Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Truist Financial lifted their target price on Target from $147.00 to $167.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Guggenheim boosted their price target on shares of Target from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $154.00 price target on shares of Target in a research report on Thursday, August 20th. Eleven 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $159.52.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider owned 56,981 shares in the company, valued at $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 26,426 shares of company stock worth $4,044,690. Company insiders own 0.13% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $163.85 on Thursday. The stock has a fifty day simple moving average of $142.87 and a two-hundred day simple moving average of $129.27. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The firm has a market cap of $74.42 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 3.03 and a beta of 0.97. 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 (NYSE:TGT) last released its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period last year, the business posted $2.05 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Analysts anticipate that Target Corporation will post 8.88 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. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 2.8%. Target’s payout ratio is 48.18%.

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.