GSA Capital Partners LLP Takes $1.57 Million Position in Target Corporation $TGT

GSA Capital Partners LLP purchased a new position in shares of Target Corporation (NYSE:TGT) during the second quarter, Holdings Channel.com reports. The fund purchased 12,009 shares of the retailer’s stock, valued at approximately $1,568,000.

Several other hedge funds have also made changes to their positions in the stock. WFA of San Diego LLC acquired a new position in Target during the 2nd quarter valued at approximately $25,000. Jessup Wealth Management Inc acquired a new stake in Target in the fourth quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in Target in the fourth quarter valued at $26,000. MidFirst Bank bought a new stake in Target in the fourth quarter valued at $31,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Target by 245.6% during the first 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. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 0.0%

Shares of 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 stock has a market capitalization of $70.18 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.51 and a beta of 0.96. Target Corporation has a 1-year low of $83.44 and a 1-year high of $156.47. The company has a 50 day moving average price of $138.02 and a 200 day moving average price of $126.29.

Target (NYSE:TGT) last posted its quarterly earnings results 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. Target had a return on equity of 22.92% and a net margin of 3.24%.The company had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts anticipate that Target Corporation will post 8.4 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is currently 61.29%.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 45,930 shares in the company, 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 SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. TD Cowen restated a “hold” rating on shares of Target in a research report on Monday, August 10th. Zacks Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Wells Fargo & Company boosted their target price on shares of Target from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Roth Capital restated a “neutral” rating and issued a $114.00 target price on shares of Target in a research report on Friday, May 22nd. Finally, Bank of America reaffirmed an “underperform” rating and set a $124.00 price target (up from $110.00) on shares of Target in a report on Wednesday. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Target currently has an average 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.