Target Corporation $TGT Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in shares of Target Corporation (NYSE:TGT) by 18.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 586,282 shares of the retailer’s stock after purchasing an additional 91,260 shares during the period. HighTower Advisors LLC’s holdings in Target were worth $76,574,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. E Fund Management Co. Ltd. raised its position in Target by 4.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock valued at $228,000 after buying an additional 68 shares during the last quarter. Wynn Capital LLC boosted its position in Target by 0.9% during the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock worth $1,104,000 after acquiring an additional 79 shares during the last quarter. Whipplewood Advisors LLC boosted its position in Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after acquiring an additional 80 shares during the last quarter. Prosperity Consulting Group LLC grew its stake in shares of Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after acquiring an additional 81 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Target by 3.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling

In other news, 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 completion of the sale, the insider directly owned 56,981 shares of the company’s stock, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew A. Liegel sold 926 shares of the firm’s stock in a transaction that occurred 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 directly owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by insiders.

Target Stock Performance

NYSE TGT opened at $164.15 on Tuesday. The firm has a market capitalization of $74.57 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 3.06 and a beta of 0.99. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $147.45 and its two-hundred day moving average price is $132.02. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm 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 8.85 EPS for the current year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were issued a dividend of $1.16 per share. The ex-dividend date was Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. Target’s dividend payout ratio is 48.18%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TGT. Bank of America reissued an “underperform” rating and issued a $124.00 price objective (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft set a $150.00 target price on shares of Target in a research report on Thursday, August 20th. Barclays boosted their price target on shares of Target from $115.00 to $140.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 19th. UBS Group increased their price objective on shares of Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Mizuho set a $150.00 price objective on Target in a report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $159.52.

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.