Carnegie Investment Counsel Has $4.45 Million Stake in Target Corporation $TGT

Carnegie Investment Counsel lifted its stake in shares of Target Corporation (NYSE:TGT) by 11.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,677 shares of the retailer’s stock after buying an additional 3,734 shares during the quarter. Carnegie Investment Counsel’s holdings in Target were worth $4,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. WFA of San Diego LLC bought a new position in Target during the second quarter worth $25,000. Jessup Wealth Management Inc bought a new stake in Target in the fourth quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in Target in the fourth quarter valued at $26,000. Global Wealth Strategies & Associates increased its stake in Target by 192.0% in 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. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Target during the fourth quarter valued at about $30,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TGT. Guggenheim increased their price objective on shares of Target from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Argus set a $150.00 target price on Target in a research report on Friday, May 22nd. JPMorgan Chase & Co. upped their price target on Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Citigroup increased their price target on Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price objective on Target from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $130.64.

Target Price Performance

Shares of NYSE:TGT opened at $134.94 on Monday. 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 stock has a market cap of $61.29 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.64 and a beta of 0.98. The stock’s fifty day simple moving average is $128.40 and its two-hundred day simple moving average is $119.16. Target Corporation has a 1-year low of $83.44 and a 1-year high of $142.82.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is currently 61.29%.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.