4,128 Shares in Target Corporation $TGT Bought by EJMK Ventures LLC

EJMK Ventures LLC acquired a new position in Target Corporation (NYSE:TGT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,128 shares of the retailer’s stock, valued at approximately $539,000.

Several other institutional investors have also recently added to or reduced their stakes in TGT. Norges Bank acquired a new position in shares of Target in the 4th quarter valued at about $587,903,000. TOMS Capital Investment Management LP bought a new position in Target in the fourth quarter worth about $257,571,000. AQR Capital Management LLC lifted its holdings in Target by 243.8% in the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after acquiring an additional 2,035,298 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Target by 6,639.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock valued at $186,992,000 after acquiring an additional 1,884,577 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Target by 104.7% during the fourth quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock valued at $6,403,000 after purchasing an additional 1,448,146 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Target Stock Down 0.6%

Shares of Target stock opened at $154.52 on Friday. 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 1-year low of $83.44 and a 1-year high of $156.47. The business’s fifty day moving average price is $138.02 and its two-hundred day moving average price is $126.14. The company has a market capitalization of $70.18 billion, a P/E ratio of 20.41, a PEG ratio of 2.51 and a beta of 0.97.

Target (NYSE:TGT) last released 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 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%.The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts forecast that Target Corporation will post 8.4 EPS for the current year.

Target Increases Dividend

The business also recently announced 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 represents a $4.64 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is 61.29%.

Analyst Ratings Changes

Several analysts recently issued reports on TGT shares. Wolfe Research set a $169.00 price target on Target in a report on Monday, August 3rd. Citigroup raised their target price on Target from $133.00 to $148.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on shares of Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Guggenheim upped their price target on shares of Target from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Target presently has an average rating of “Hold” and a consensus price target of $143.30.

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.