Target Corporation $TGT Stock Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in shares of Target Corporation (NYSE:TGT) by 37.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 29,479 shares of the retailer’s stock after acquiring an additional 7,977 shares during the period. Park Avenue Securities LLC’s holdings in Target were worth $4,619,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TGT. Pension & Wealth Management Advisors Inc. acquired a new position in Target in the third quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new stake in shares of Target during the 2nd quarter worth approximately $26,000. Kimelman & Baird LLC acquired a new stake in shares of Target during the 2nd quarter worth approximately $26,000. Archer Investment Corp bought a new stake in shares of Target in the 2nd quarter valued at $30,000. Finally, Valued Wealth Advisors LLC increased its stake in shares of Target by 134.9% in the 1st quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock valued at $36,000 after acquiring an additional 170 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Target Trading Up 1.9%

NYSE TGT opened at $151.80 on Friday. The company has a market cap of $68.96 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 2.76 and a beta of 0.98. Target Corporation has a 52 week low of $83.44 and a 52 week high of $170.75. The business has a 50 day moving average price of $157.21 and a 200-day moving average price of $133.57. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%. The company had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the business earned $2.05 EPS. Target’s quarterly revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts expect that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be issued a dividend of $1.16 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 annualized dividend and a yield of 3.1%. Target’s dividend payout ratio is presently 48.18%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TGT. Wells Fargo & Company increased their target price on shares of Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $154.00 price target on shares of Target in a report on Thursday, August 20th. Guggenheim lifted their price target on shares of Target from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Citigroup upped their price objective on shares of Target from $148.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Finally, Oppenheimer upped their price objective on shares of Target from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.