Segall Bryant & Hamill LLC Invests $5.10 Million in Target Corporation $TGT

Segall Bryant & Hamill LLC acquired a new stake in Target Corporation (NYSE:TGT) in the 1st quarter, Holdings Channel.com reports. The fund acquired 42,958 shares of the retailer’s stock, valued at approximately $5,103,000.

Other hedge funds have also added to or reduced their stakes in the company. WFA of San Diego LLC bought a new stake in Target during the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target during the fourth quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in shares of Target in the fourth quarter worth $26,000. Eagle Bay Advisors LLC bought a new stake in shares of Target in the fourth quarter worth $30,000. Finally, MidFirst Bank acquired a new stake in Target in the fourth quarter valued at $31,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TGT shares. Citigroup raised their target price on Target from $133.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday. Wall Street Zen raised Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. KeyCorp restated a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. Truist Financial lifted their price objective on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company upped their target price on Target from $140.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $134.30.

Target Stock Performance

Shares of TGT opened at $149.20 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 firm’s fifty day simple moving average is $133.34 and its two-hundred day simple moving average is $123.59. Target Corporation has a 12 month low of $83.44 and a 12 month high of $150.07. The stock has a market capitalization of $67.77 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 2.83 and a beta of 0.96.

Target (NYSE:TGT) last announced its quarterly earnings data 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. Target had a return on equity of 22.92% and a net margin of 3.24%.The company had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the previous year, the business earned $1.30 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts predict that Target Corporation will post 8.32 EPS for the current year.

Target Increases Dividend

The firm also recently declared 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 represents a $4.64 annualized dividend and a yield of 3.1%. 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 presently 60.24%.

Insider Activity

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 transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.