Simplicity Wealth LLC Makes New $2.66 Million Investment in Target Corporation $TGT

Simplicity Wealth LLC purchased a new stake in Target Corporation (NYSE:TGT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,383 shares of the retailer’s stock, valued at approximately $2,662,000.

Other large investors have also modified their holdings of the company. Trivium Point Advisory LLC purchased a new position in shares of Target during the 2nd quarter worth approximately $620,000. RW Investment Management LLC purchased a new stake in Target in the 2nd quarter valued at approximately $282,000. N.E.W. Advisory Services LLC acquired a new stake in Target during the 2nd quarter valued at $97,000. HBK Sorce Advisory LLC acquired a new stake in Target during the 2nd quarter valued at $3,025,000. Finally, German American Bancorp Inc. purchased a new position in Target during the second quarter worth $223,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction 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 in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Target Stock Up 0.0%

TGT opened at $154.52 on Monday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $156.47. The business has a 50-day moving average of $138.02 and a two-hundred day moving average of $126.29. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The stock has a market capitalization of $70.18 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.51 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 for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The business had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same period in the prior year, the firm posted $1.30 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts expect that Target Corporation will post 8.4 earnings per share for the current year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. Target’s dividend payout ratio (DPR) is 61.29%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Target from $127.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday. Freedom Capital cut Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group boosted their target price on shares of Target from $144.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company raised their price target on shares of Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.30.

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.