28,139 Shares in Target Corporation $TGT Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new position in Target Corporation (NYSE:TGT) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 28,139 shares of the retailer’s stock, valued at approximately $3,675,000.

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

Target Stock Up 0.0%

NYSE:TGT opened at $154.52 on Monday. 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 company 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 Corporation has a one year low of $83.44 and a one year high of $156.47. The stock has a 50-day simple moving average of $138.02 and a 200 day simple moving average of $126.29.

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 the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion for 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%.Target’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts predict that Target Corporation will post 8.4 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is currently 61.29%.

Insider Transactions at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’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 transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TGT. Bank of America restated an “underperform” rating and set a $124.00 price objective (up from $110.00) on shares of Target in a research note on Wednesday. Oppenheimer upped their target price on Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Barclays reiterated an “underweight” rating on shares of Target in a research note on Monday, June 1st. UBS Group raised their price target on shares of Target from $144.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. 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 research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Target 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.