Jackson Thornton Wealth Management LLC Purchases New Shares in Target Corporation $TGT

Jackson Thornton Wealth Management LLC purchased a new stake in shares of Target Corporation (NYSE:TGT) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,636 shares of the retailer’s stock, valued at approximately $484,000.

A number of other large investors also recently made changes to their positions in TGT. WFA of San Diego LLC bought a new position in shares of Target during the second quarter valued at about $25,000. Heartwood Wealth Advisors LLC bought a new position in shares of Target during the third quarter valued at about $27,000. Global Wealth Strategies & Associates lifted its position in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Tripletail Wealth Management LLC bought a new position in shares of Target during the third quarter valued at about $31,000. Finally, Key Financial Inc increased its holdings in Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after buying an additional 151 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Up 0.7%

Shares of NYSE:TGT opened at $124.00 on Friday. The firm has a market capitalization of $56.15 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 5.12 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00. The firm has a fifty day moving average of $116.58 and a 200 day moving average of $102.43.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.7%. Target’s dividend payout ratio is currently 56.09%.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on TGT shares. Evercore set a $105.00 price objective on shares of Target in a report on Tuesday, February 17th. KeyCorp restated a “sector weight” rating on shares of Target in a report on Wednesday, March 4th. Wolfe Research upgraded shares of Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on shares of Target in a research note on Thursday, January 8th. Finally, Truist Financial lifted their target price on shares of Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Target has an average rating of “Hold” and an average price target of $116.32.

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.