Aviance Capital Partners LLC Reduces Stock Position in Target Corporation $TGT

Aviance Capital Partners LLC lessened its holdings in Target Corporation (NYSE:TGT) by 61.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,943 shares of the retailer’s stock after selling 4,684 shares during the quarter. Aviance Capital Partners LLC’s holdings in Target were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Whipplewood Advisors LLC boosted its stake in shares of Target by 16.0% during the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after purchasing an additional 80 shares during the period. Prosperity Consulting Group LLC grew its holdings in shares of Target by 3.4% in the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after purchasing an additional 81 shares during the last quarter. Howe & Rusling Inc. increased its stake in Target by 3.1% in the 1st quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock worth $358,000 after buying an additional 90 shares during the period. Crawford Investment Counsel Inc. increased its stake in Target by 0.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock worth $1,971,000 after buying an additional 90 shares during the period. Finally, Valtinson Bruner Financial Planning LLC lifted its holdings in Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays reissued an “underweight” rating on shares of Target in a research report on Monday, June 1st. Roth Capital reaffirmed a “neutral” rating and set a $114.00 price target on shares of Target in a research note on Friday, May 22nd. The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a report on Thursday, June 11th. Wells Fargo & Company increased their price objective on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Truist Financial raised their price objective on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Target has an average rating of “Hold” and an average target price of $131.96.

Target Trading Up 0.2%

NYSE TGT opened at $139.93 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 company has a market capitalization of $63.55 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98. The company’s 50-day simple moving average is $129.35 and its two-hundred day simple moving average is $120.58. Target Corporation has a one year low of $83.44 and a one year high of $144.40.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The company’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. Equities analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is presently 60.24%.

Insiders Place Their Bets

In other Target 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 transaction of $1,258,900.00. Following the sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.