7,580 Shares in Target Corporation $TGT Purchased by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC acquired a new position in shares of Target Corporation (NYSE:TGT) in the 3rd quarter, HoldingsChannel reports. The fund acquired 7,580 shares of the retailer’s stock, valued at approximately $1,188,000.

Several other large investors also recently made changes to their positions in TGT. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Target in the third quarter valued at about $25,871,000. Texas Bank & Trust Co boosted its position in shares of Target by 62.4% in the third quarter. Texas Bank & Trust Co now owns 3,500 shares of the retailer’s stock worth $548,000 after buying an additional 1,345 shares during the period. Gryphon Financial Partners LLC purchased a new stake in shares of Target in the third quarter worth about $765,000. AlphaCore Capital LLC boosted its position in shares of Target by 23.9% in the third quarter. AlphaCore Capital LLC now owns 4,846 shares of the retailer’s stock worth $759,000 after buying an additional 934 shares during the period. Finally, Joseph Group Capital Management grew its stake in shares of Target by 30.7% in the third quarter. Joseph Group Capital Management now owns 277 shares of the retailer’s stock valued at $43,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In other Target news, CAO Matthew Liegel sold 926 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Melissa Kremer sold 15,500 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $169.96, for a total value of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. This represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on TGT. Roth Capital reissued a “neutral” rating and set a $142.00 price target (up from $114.00) on shares of Target in a research report on Thursday, August 20th. Citigroup increased their price objective on shares of Target from $148.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Telsey Advisory Group lifted their price objective on shares of Target from $170.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Wall Street Zen upgraded shares of Target from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Finally, UBS Group boosted their target price on shares of Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $161.70.

Target Price Performance

Shares of TGT stock opened at $165.91 on Tuesday. The firm has a market cap of $75.37 billion, a P/E ratio of 17.23, a P/E/G ratio of 3.02 and a beta of 0.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The firm has a fifty day moving average of $156.46 and a two-hundred day moving average of $135.32.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, research analysts anticipate that Target Corporation will post 8.91 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, November 10th. Target’s payout ratio is currently 48.18%.

Target Profile

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands.

The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States.

The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.