Meeder Asset Management Inc. Has $2.65 Million Position in Target Corporation $TGT

Meeder Asset Management Inc. boosted its position in Target Corporation (NYSE:TGT) by 29,078.7% in the first quarter, Holdings Channel.com reports. The firm owned 21,884 shares of the retailer’s stock after purchasing an additional 21,809 shares during the quarter. Meeder Asset Management Inc.’s holdings in Target were worth $2,652,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Winning Points Advisors LLC acquired a new position in shares of Target during the fourth quarter worth $611,000. Franklin Resources Inc. increased its holdings in Target by 2.4% in the fourth 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 period. Bogart Wealth LLC increased its holdings in Target by 41.8% in the first quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock valued at $13,453,000 after purchasing an additional 32,746 shares during the period. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Target in the first quarter valued at $6,686,000. Finally, Mather Group LLC. raised its position in 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 purchasing an additional 10,839 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Telsey Advisory Group lifted their target price on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Robert W. Baird increased their price target on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. Barclays restated an “underweight” rating on shares of Target in a research report on Monday, June 1st. Zacks Research raised Target from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Citigroup upped their target price on Target from $117.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $131.96.

Insider Buying and Selling

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

Target Price Performance

TGT stock opened at $139.93 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a market cap of $63.55 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.73 and a beta of 0.98. The company’s fifty day simple moving average is $129.35 and its 200 day simple moving average is $120.58. Target Corporation has a 12-month low of $83.44 and a 12-month high of $144.40.

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

Target Increases Dividend

The firm also recently announced 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. This represents a $4.64 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is currently 60.24%.

About Target

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.