Koss Olinger Consulting LLC Makes New Investment in Target Corporation $TGT

Koss Olinger Consulting LLC acquired a new stake in shares of Target Corporation (NYSE:TGT) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,700 shares of the retailer’s stock, valued at approximately $691,000.

Other institutional investors have also modified their holdings of the company. SEB Asset Management AB purchased a new position in shares of Target during the 1st quarter valued at approximately $12,363,000. Swiss National Bank grew its position in Target by 6.7% during the first quarter. Swiss National Bank now owns 1,328,900 shares of the retailer’s stock valued at $161,063,000 after buying an additional 83,700 shares during the period. Mediolanum International Funds Ltd grew its position in Target by 2,894.0% during the first quarter. Mediolanum International Funds Ltd now owns 436,938 shares of the retailer’s stock valued at $51,899,000 after buying an additional 422,344 shares during the period. German American Bancorp Inc. purchased a new position in Target in the first quarter valued at $315,000. Finally, California Public Employees Retirement System increased its holdings in Target by 3.6% in the first quarter. California Public Employees Retirement System now owns 873,454 shares of the retailer’s stock valued at $105,863,000 after buying an additional 30,525 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Price Performance

Target stock opened at $139.63 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $129.77 and a 200 day moving average price of $120.88. Target Corporation has a 12-month low of $83.44 and a 12-month high of $144.40. The stock has a market cap of $63.42 billion, a P/E ratio of 18.45, a PEG ratio of 2.73 and a beta of 0.98.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts anticipate that Target Corporation will post 8.35 earnings per share 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 paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.3%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is 60.24%.

Insider Activity at Target

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wolfe Research raised shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 target price on the stock in a research note on Tuesday, June 23rd. Sanford C. Bernstein restated a “market perform” rating on shares of Target in a research note on Monday, June 15th. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Zacks Research raised Target from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Finally, Evercore set a $130.00 price objective on Target in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $132.15.

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.