Revolve Wealth Partners LLC Takes Position in Target Corporation $TGT

Revolve Wealth Partners LLC acquired a new position in shares of Target Corporation (NYSE:TGT) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,158 shares of the retailer’s stock, valued at approximately $543,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TGT. Wynn Capital LLC raised its stake in Target by 0.9% in the second quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after buying an additional 79 shares in the last quarter. Whipplewood Advisors LLC lifted its holdings in Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after buying an additional 80 shares during the last quarter. Prosperity Consulting Group LLC lifted its holdings in Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after buying an additional 81 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Target by 3.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after acquiring an additional 82 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its position in shares of Target by 3.1% during the 1st quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock worth $358,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other 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 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. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wolfe Research set a $169.00 target price on Target in a research report on Monday, August 3rd. Evercore set a $150.00 price target on Target in a report on Tuesday, August 4th. DA Davidson raised their price objective on shares of Target from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Robert W. Baird boosted their price objective on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Finally, Guggenheim boosted their price objective on shares of Target from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $138.74.

Target Stock Up 0.3%

TGT opened at $152.41 on Wednesday. Target Corporation has a one year low of $83.44 and a one year high of $154.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The stock has a market capitalization of $69.22 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97. The business’s 50-day simple moving average is $136.16 and its 200-day simple moving average is $125.27.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion during 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 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 anticipate that Target Corporation will post 8.32 EPS for the current year.

Target Increases Dividend

The company 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 $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is presently 60.24%.

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.