Everest Financial Group LLC Invests $1 Million in Target Corporation $TGT

Everest Financial Group LLC bought a new position in Target Corporation (NYSE:TGT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,287 shares of the retailer’s stock, valued at approximately $1,004,000.

A number of other institutional investors have also modified their holdings of the stock. WFA of San Diego LLC acquired a new position in Target in the second quarter worth about $25,000. Jessup Wealth Management Inc bought a new stake in Target in the fourth quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in Target during the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in Target during the fourth quarter valued at approximately $30,000. Finally, MidFirst Bank bought a new position in Target during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Up 1.8%

NYSE:TGT opened at $136.85 on Friday. The firm has a market capitalization of $62.16 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.67 and a beta of 0.98. The stock has a 50 day moving average of $130.97 and a 200-day moving average of $121.80. Target Corporation has a 52 week low of $83.44 and a 52 week high of $144.40. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion for 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 business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts predict that Target Corporation will post 8.35 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 given a $1.16 dividend. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio is 60.24%.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. DA Davidson lifted their target price on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Wells Fargo & Company upped their price target on Target from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. KeyCorp restated a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Telsey Advisory Group lifted their price objective on shares of Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, Citigroup boosted their target price on shares of Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $132.15.

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.