DMKC Advisory Services LLC Acquires 3,644 Shares of Target Corporation $TGT

DMKC Advisory Services LLC lifted its holdings in shares of Target Corporation (NYSE:TGT) by 15.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,674 shares of the retailer’s stock after buying an additional 3,644 shares during the quarter. DMKC Advisory Services LLC’s holdings in Target were worth $3,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Target by 39.9% in the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after buying an additional 11,047 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Target by 22.8% in the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after acquiring an additional 12,948 shares during the period. Sei Investments Co. grew its stake in Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after acquiring an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Target by 11.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after acquiring an additional 27,063 shares during the period. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on TGT shares. Telsey Advisory Group increased their target price on shares of Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. boosted their price target on shares of Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a report on Friday, July 31st. KeyCorp reissued a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $123.00 target price on shares of Target in a research note on Friday, May 15th. One equities 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $135.04.

Insider Transactions at Target

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

Target Price Performance

Shares of NYSE:TGT opened at $147.82 on Thursday. The company’s fifty day moving average price is $134.19 and its 200-day moving average price is $124.12. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The firm has a market capitalization of $67.14 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.90 and a beta of 0.97. Target Corporation has a one year low of $83.44 and a one year high of $150.07.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the previous year, the firm posted $1.30 EPS. The firm’s 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. On average, equities research analysts anticipate that Target Corporation will post 8.32 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently declared 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 3.1%. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio 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.