HBK Sorce Advisory LLC Purchases Shares of 20,484 Target Corporation $TGT

HBK Sorce Advisory LLC purchased a new stake in Target Corporation (NYSE:TGT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,484 shares of the retailer’s stock, valued at approximately $3,025,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Wynn Capital LLC grew its holdings in shares of Target by 0.9% in the 2nd 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 increased its position 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 during the last quarter. Prosperity Consulting Group LLC raised its holdings in Target by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after acquiring an additional 81 shares in the last quarter. Versant Capital Management Inc raised its holdings in Target by 3.4% during the second quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after acquiring an additional 82 shares in the last quarter. Finally, Howe & Rusling Inc. raised its holdings in Target by 3.1% during the first quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock worth $358,000 after acquiring an additional 90 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

TGT opened at $154.52 on Monday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $156.47. The stock has a market cap of $70.18 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.51 and a beta of 0.96. The business has a 50 day moving average of $138.02 and a 200-day moving average of $126.29. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 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 the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts expect that Target Corporation will post 8.4 earnings per share for the current year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. This is a positive change 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 (DPR) is presently 61.29%.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of analyst reports. Roth Capital restated a “neutral” rating and issued a $114.00 price target on shares of Target in a research note on Friday, May 22nd. Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a report on Thursday, June 11th. Wolfe Research set a $169.00 target price on shares of Target in a report on Monday, August 3rd. Finally, Piper Sandler boosted their target price on shares of Target from $127.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average target price of $143.30.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 45,930 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

About Target

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.