Segall Bryant & Hamill LLC Makes New Investment in Target Corporation $TGT

Segall Bryant & Hamill LLC acquired a new stake in Target Corporation (NYSE:TGT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 42,958 shares of the retailer’s stock, valued at approximately $5,103,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WFA of San Diego LLC bought a new stake in shares of Target in the second quarter valued at approximately $25,000. Jessup Wealth Management Inc bought a new position in Target during the 4th quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Target in the 4th quarter valued at $26,000. Capital Advisors Ltd. LLC lifted its position in shares of Target by 245.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after acquiring an additional 194 shares during the period. Finally, Valued Wealth Advisors LLC lifted its position in shares of Target by 134.9% during the 1st quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock valued at $36,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TGT. Wells Fargo & Company increased their target price on Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday. Argus set a $150.00 price objective on shares of Target in a research note on Friday, May 22nd. Robert W. Baird increased their price objective on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Citigroup upped their price target on shares of Target from $133.00 to $148.00 and gave the stock a “neutral” rating in a report on Monday. One research 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 given a Sell rating to the company. Based on data from MarketBeat, Target has a consensus rating of “Hold” and a consensus price target of $134.30.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Target Stock Performance

Target stock opened at $149.20 on Tuesday. 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 stock has a market cap of $67.77 billion, a PE ratio of 19.71, a P/E/G ratio of 2.83 and a beta of 0.96. Target Corporation has a 12-month low of $83.44 and a 12-month high of $150.07. The business’s 50-day moving average price is $133.34 and its two-hundred day moving average price is $123.59.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts expect that Target Corporation will post 8.32 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently announced 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 is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is 60.24%.

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.