Nisa Investment Advisors LLC Acquires 20,581 Shares of Target Corporation $TGT

Nisa Investment Advisors LLC grew its stake in Target Corporation (NYSE:TGT) by 12.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 189,553 shares of the retailer’s stock after buying an additional 20,581 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Target were worth $29,701,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Target during the 2nd quarter worth approximately $5,054,604,000. Bank of New York Mellon Corp acquired a new position in shares of Target during the 2nd quarter worth about $831,466,000. Dimensional Fund Advisors LP raised its stake in Target by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after acquiring an additional 411,608 shares during the period. Bank of America Corp DE lifted its position in Target by 1.8% during the second quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock worth $597,656,000 after acquiring an additional 82,268 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Target by 12.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock valued at $589,642,000 after acquiring an additional 514,155 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Matthew A. Liegel sold 926 shares of the company’s stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of the firm’s 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 sale, the insider directly owned 56,981 shares of the company’s stock, valued at $9,684,490.76. This represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $154.08 on Wednesday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The firm has a fifty day simple moving average of $157.82 and a 200 day simple moving average of $140.51. The company has a market capitalization of $70.00 billion, a PE ratio of 18.27, a P/E/G ratio of 2.84 and a beta of 0.98. 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 released its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating 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 revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, sell-side analysts forecast that Target Corporation will post 8.89 EPS for the current year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be given a $1.16 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. Target’s dividend payout ratio (DPR) is 48.18%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TGT shares. Royal Bank Of Canada increased their price target on shares of Target from $166.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. KeyCorp reissued a “sector weight” rating on shares of Target in a report on Thursday, August 20th. Morgan Stanley reiterated an “overweight” rating on shares of Target in a research report on Thursday, August 20th. Wolfe Research set a $169.00 price target on Target in a research note on Monday, August 3rd. Finally, BMO Capital Markets increased their price target on Target from $150.00 to $160.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $159.33.

Target 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.