Pallas Capital Advisors LLC Purchases Shares of 20,892 Target Corporation $TGT

Pallas Capital Advisors LLC acquired a new position in shares of Target Corporation (NYSE:TGT) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 20,892 shares of the retailer’s stock, valued at approximately $2,729,000.

Several other hedge funds have also modified their holdings of TGT. WFA of San Diego LLC acquired a new position in shares of Target in the 2nd quarter valued at $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target during the 4th quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target during the 4th quarter worth $26,000. Capital Advisors Ltd. LLC raised its position in shares of Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after buying an additional 194 shares during the period. Finally, Valued Wealth Advisors LLC raised its position in shares of Target by 134.9% in the 1st quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock worth $36,000 after buying an additional 170 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Target Stock Down 2.3%

Shares of NYSE TGT opened at $150.94 on Tuesday. The stock has a fifty day moving average price of $138.56 and a 200 day moving average price of $126.62. 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 Corporation has a 12-month low of $83.44 and a 12-month high of $156.47. The company has a market cap of $68.56 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.51 and a beta of 0.96.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion for 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 company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts anticipate 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 paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.1%. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s payout ratio is presently 61.29%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Robert W. Baird boosted their price target on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Royal Bank Of Canada boosted their target price on Target from $153.00 to $166.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Jefferies Financial Group increased their target price on shares of Target from $161.00 to $177.00 and gave the stock a “buy” rating in a research report on Friday. Finally, KeyCorp restated a “sector weight” rating on shares of Target in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Target currently has an average rating of “Hold” and an average target price of $143.85.

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.