DSG Capital Advisors LLC Sells 19,072 Shares of Target Corporation $TGT

DSG Capital Advisors LLC decreased its position in Target Corporation (NYSE:TGT) by 16.9% during the 1st quarter, Holdings Channel reports. The firm owned 93,890 shares of the retailer’s stock after selling 19,072 shares during the quarter. Target makes up 1.8% of DSG Capital Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. DSG Capital Advisors LLC’s holdings in Target were worth $11,380,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. First Trust Advisors LP increased its position in Target by 10.9% in the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after purchasing an additional 124,371 shares during the period. Winning Points Advisors LLC acquired a new position in Target during the 4th quarter valued at about $611,000. Franklin Resources Inc. boosted its stake in shares of Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after purchasing an additional 142,937 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Target by 15.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock valued at $30,721,000 after purchasing an additional 45,803 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of Target by 7.5% during the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock worth $15,173,000 after buying an additional 10,839 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TGT. Wall Street Zen raised shares of Target from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Mizuho set a $120.00 target price on shares of Target in a report on Thursday, March 5th. JPMorgan Chase & Co. upped their target price on shares of Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Piper Sandler reissued a “neutral” rating on shares of Target in a research note on Friday, June 12th. Finally, Barclays restated an “underweight” rating on shares of Target in a research report on Monday, June 1st. Twelve analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $130.64.

Target Trading Up 0.0%

NYSE TGT opened at $130.31 on Friday. The firm has a market cap of $59.19 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.54 and a beta of 0.98. 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’s 50-day moving average is $128.22 and its 200-day moving average is $117.76. Target Corporation has a one year low of $83.44 and a one year high of $142.82.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The business had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same period in the previous year, the firm earned $1.30 EPS. Target’s quarterly 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. Sell-side analysts anticipate that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is currently 61.29%.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Target Company 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.