Focus Partners Advisor Solutions LLC Invests $3.24 Million in Target Corporation $TGT

Focus Partners Advisor Solutions LLC bought a new stake in shares of Target Corporation (NYSE:TGT) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 24,803 shares of the retailer’s stock, valued at approximately $3,240,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares in the last quarter. Woodline Partners LP boosted its stake in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after buying an additional 11,047 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after buying an additional 12,948 shares in the last quarter. Sei Investments Co. grew its position in Target by 8.0% in 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 during the period. Finally, Treasurer of the State of North Carolina grew its position in Target by 11.0% in the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after acquiring an additional 27,063 shares during the period. Institutional investors own 79.73% of the company’s stock.

Insider Activity

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 transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent analyst reports. Zacks Research upgraded Target from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Wall Street Zen upgraded shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Piper Sandler upped 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. TD Cowen reiterated a “hold” rating on shares of Target in a research report on Monday, August 10th. Finally, Roth Capital reissued a “neutral” rating and set a $114.00 price target on shares of Target in a report on Friday, May 22nd. One 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 given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $143.30.

Target Trading Down 0.6%

TGT stock opened at $154.52 on Friday. The business has a fifty day moving average price of $138.02 and a 200 day moving average price of $126.14. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $156.47. The stock has a market capitalization of $70.18 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 2.51 and a beta of 0.97. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm 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 business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts expect that Target Corporation will post 8.4 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently declared 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 positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is presently 61.29%.

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.