Target Corporation $TGT Stake Boosted by Sei Investments Co.

Sei Investments Co. lifted its stake in Target Corporation (NYSE:TGT) by 31.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,289 shares of the retailer’s stock after acquiring an additional 67,004 shares during the quarter. Sei Investments Co.’s holdings in Target were worth $33,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of Target by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 286,299 shares of the retailer’s stock valued at $34,699,000 after buying an additional 20,232 shares during the last quarter. Wealthspire Retirement LLC acquired a new position in Target in the first quarter worth approximately $234,000. Phillip James Consulting Co. acquired a new position in Target in the first quarter worth approximately $226,000. ABN Amro Investment Solutions raised its position in Target by 10.2% during the first quarter. ABN Amro Investment Solutions now owns 21,751 shares of the retailer’s stock valued at $2,636,000 after acquiring an additional 2,017 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS bought a new position in Target during the first quarter valued at approximately $546,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Up 2.7%

Shares of Target stock opened at $140.47 on Tuesday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $144.40. 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 stock has a 50 day moving average price of $131.31 and a two-hundred day moving average price of $122.19. The stock has a market capitalization of $63.80 billion, a P/E ratio of 18.56, a PEG ratio of 2.67 and a beta of 0.98.

Target (NYSE:TGT) last released its quarterly 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 company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts expect that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The company also recently announced 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 a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.3%. Target’s payout ratio is 60.24%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Roth Capital reissued a “neutral” rating and issued a $114.00 target price on shares of Target in a research report on Friday, May 22nd. Telsey Advisory Group raised their price target on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Target in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $123.00 price objective on shares of Target in a research note on Friday, May 15th. Finally, Truist Financial increased their target price on shares of Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $132.15.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate 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.