Target Corporation $TGT Stock Position Lifted by Okabena Investment Services Inc.

Okabena Investment Services Inc. raised its stake in shares of Target Corporation (NYSE:TGT) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,356 shares of the retailer’s stock after purchasing an additional 10,601 shares during the quarter. Target makes up about 3.9% of Okabena Investment Services Inc.’s holdings, making the stock its 5th biggest holding. Okabena Investment Services Inc.’s holdings in Target were worth $20,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Valtinson Bruner Financial Planning LLC increased its position in Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after purchasing an additional 92 shares during the period. 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 valued at $312,000 after purchasing an additional 93 shares during the period. Neumann Capital Management LLC increased its position in Target by 0.8% during the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock valued at $1,298,000 after purchasing an additional 100 shares during the period. Ausdal Financial Partners Inc. increased its position in Target by 1.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,209 shares of the retailer’s stock valued at $900,000 after purchasing an additional 102 shares during the period. Finally, Binnacle Investments Inc increased its position in Target by 11.4% during the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after purchasing an additional 104 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a research report on Thursday. Bank of America assumed coverage on shares of Target in a research report on Friday, February 27th. They set an “underperform” rating and a $103.00 price objective on the stock. Truist Financial boosted their price objective on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Telsey Advisory Group boosted their target price on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Roth Mkm restated a “neutral” rating and set a $114.00 target price on shares of Target in a report on Friday, May 22nd. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $126.11.

Insider Transactions at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the company’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 transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Target Stock Performance

Shares of TGT stock opened at $133.14 on Tuesday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $137.87. The stock has a market cap of $60.47 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The company’s fifty day moving average price is $125.67 and its 200-day moving average price is $114.03.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the previous year, the business posted $1.30 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts expect that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is presently 60.24%.

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.