Target Corporation $TGT Shares Newly Bought by USA Financial Formulas

USA Financial Formulas bought a new position in shares of Target Corporation (NYSE:TGT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,320 shares of the retailer’s stock, valued at approximately $677,000.

Other hedge funds have also modified their holdings of the company. Bogart Wealth LLC raised its stake in shares of Target by 41.8% during the first quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock worth $13,453,000 after buying an additional 32,746 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new position in Target in the first quarter valued at approximately $6,686,000. Saudi Central Bank boosted its stake in Target by 89.7% in the second quarter. Saudi Central Bank now owns 31,700 shares of the retailer’s stock valued at $4,140,000 after acquiring an additional 14,986 shares during the last quarter. Nicholas Investment Partners LP boosted its stake in Target by 204.3% in the second quarter. Nicholas Investment Partners LP now owns 55,154 shares of the retailer’s stock valued at $7,204,000 after acquiring an additional 37,030 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its stake in Target by 4,119.2% in the second quarter. Engineers Gate Manager LP now owns 372,558 shares of the retailer’s stock valued at $48,660,000 after acquiring an additional 363,728 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Matthew Liegel sold 926 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Melissa Kremer sold 15,500 shares of Target stock in a transaction dated 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 owned 56,981 shares in the company, valued at approximately $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by corporate insiders.

Target Stock Performance

Shares of TGT stock opened at $154.42 on Friday. The stock has a market cap of $70.15 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.98. The stock has a 50-day moving average of $157.77 and a 200-day moving average of $139.90. 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 one year low of $83.44 and a one year high of $170.75.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping the consensus estimate 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%. Target’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, sell-side analysts expect that Target Corporation will post 9.02 earnings per share for the current year.

Target Announces Dividend

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 given a $1.16 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. Target’s dividend payout ratio is currently 48.18%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TGT shares. Evercore set a $165.00 target price on shares of Target in a report on Tuesday. Bank of America reissued an “underperform” rating and issued a $124.00 price target (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. Royal Bank Of Canada increased their price target on Target from $166.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Telsey Advisory Group raised their price target on Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft set a $150.00 price objective on Target in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $159.33.

Target Company Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.