Two Sigma Securities LLC Takes Position in Target Corporation $TGT

Two Sigma Securities LLC acquired a new stake in shares of Target Corporation (NYSE:TGT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,381 shares of the retailer’s stock, valued at approximately $833,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kimelman & Baird LLC bought a new position in Target in the second quarter worth about $26,000. Richardson Financial Services Inc. bought a new position in shares of Target during the second quarter valued at approximately $26,000. Archer Investment Corp acquired a new stake in shares of Target during the 2nd quarter worth approximately $30,000. WFA of San Diego LLC acquired a new stake in shares of Target during the 2nd quarter worth approximately $25,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Target in the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $163.75 on Wednesday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. The firm has a market capitalization of $74.39 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 3.00 and a beta of 0.99. The business has a 50 day simple moving average of $145.43 and a 200 day simple moving average of $130.64. 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 (NYSE:TGT) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities research analysts anticipate that Target Corporation will post 8.84 EPS for the current year.

Target Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TGT shares. Truist Financial boosted their price objective on Target from $147.00 to $167.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. UBS Group increased their target price on Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Wells Fargo & Company raised their target price on Target from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Wall Street Zen raised shares of Target from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Oppenheimer upped their price target on shares of Target from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $159.52.

Insider Transactions at Target

In related news, insider Melissa K. 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 sale, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by insiders.

Target Company 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.