Revolve Wealth Partners LLC Buys Shares of 4,158 Target Corporation $TGT

Revolve Wealth Partners LLC bought a new stake in Target Corporation (NYSE:TGT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,158 shares of the retailer’s stock, valued at approximately $543,000.

Other hedge funds also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in shares of Target during the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new stake in Target in the 4th quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new stake in Target in the fourth quarter valued at approximately $26,000. Capital Advisors Ltd. LLC raised its position in Target by 245.6% in the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after purchasing an additional 194 shares during the period. Finally, Valued Wealth Advisors LLC lifted its stake in Target by 134.9% during the first quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock worth $36,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TGT. Telsey Advisory Group raised their price target on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Roth Capital reissued a “neutral” rating and set a $114.00 target price on shares of Target in a research note on Friday, May 22nd. Robert W. Baird increased their target price on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Zacks Research upgraded Target from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Finally, Evercore set a $150.00 target price on Target in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Target has an average rating of “Hold” and an average target price of $138.74.

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 stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Target Stock Performance

Shares of TGT stock opened at $152.41 on Wednesday. The firm has a 50 day moving average of $136.16 and a two-hundred day moving average of $125.27. The stock has a market capitalization of $69.22 billion, a PE ratio of 20.13, a P/E/G ratio of 2.98 and a beta of 0.97. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a 52 week low of $83.44 and a 52 week high of $154.89.

Target (NYSE:TGT) last posted its quarterly earnings data 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. The business had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts predict that Target Corporation will post 8.32 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.0%. Target’s dividend payout ratio (DPR) is currently 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.