Kestra Advisory Services LLC Increases Holdings in Target Corporation $TGT

Kestra Advisory Services LLC raised its holdings in shares of Target Corporation (NYSE:TGT) by 52.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,326 shares of the retailer’s stock after acquiring an additional 48,235 shares during the quarter. Kestra Advisory Services LLC’s holdings in Target were worth $17,008,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. WFA of San Diego LLC acquired a new position in Target in the second quarter valued at approximately $25,000. Jessup Wealth Management Inc acquired a new stake in Target during the fourth quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Target during the 4th quarter worth approximately $26,000. Global Wealth Strategies & Associates lifted its position in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

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

Target Stock Performance

NYSE:TGT traded up $2.67 during trading hours on Friday, reaching $134.94. 3,403,029 shares of the company’s stock were exchanged, compared to its average volume of 4,556,986. Target Corporation has a 1-year low of $83.44 and a 1-year high of $142.82. 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 firm has a market capitalization of $61.29 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 2.64 and a beta of 0.98. The company has a 50-day moving average of $128.40 and a 200 day moving average of $118.99.

Target (NYSE:TGT) last posted its quarterly earnings data 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 period in the previous year, the business posted $1.30 earnings per share. Target’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts anticipate that Target Corporation will post 8.35 EPS 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 paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.4%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is currently 60.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price 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. Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Wells Fargo & Company lifted their target price on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Robert W. Baird boosted their target price on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Finally, Barclays reissued an “underweight” rating on shares of Target in a research report on Monday, June 1st. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $130.64.

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.