Target Corporation $TGT Holdings Decreased by Value Partners Investments Inc.

Value Partners Investments Inc. lowered its stake in Target Corporation (NYSE:TGT) by 16.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,400 shares of the retailer’s stock after selling 5,000 shares during the quarter. Value Partners Investments Inc.’s holdings in Target were worth $3,983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SteelPeak Wealth LLC lifted its stake in shares of Target by 3.0% in the 3rd quarter. SteelPeak Wealth LLC now owns 3,431 shares of the retailer’s stock worth $538,000 after acquiring an additional 100 shares during the period. CRA Financial Services LLC bought a new position in shares of Target in the third quarter valued at approximately $179,000. Robertson Stephens Wealth Management LLC increased its stake in shares of Target by 1.1% during the third quarter. Robertson Stephens Wealth Management LLC now owns 34,310 shares of the retailer’s stock valued at $5,376,000 after acquiring an additional 381 shares during the period. Fiscal Wisdom Wealth Management LLC acquired a new position in shares of Target during the third quarter valued at approximately $219,000. Finally, USA Financial Formulas acquired a new position in shares of Target during the third quarter valued at approximately $677,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TGT shares. Evercore set a $165.00 target price on Target in a report on Tuesday, October 13th. Telsey Advisory Group increased their price target on Target from $170.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $154.00 price target on shares of Target in a research note on Thursday, August 20th. Royal Bank Of Canada lifted their price target on Target from $166.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Finally, UBS Group boosted their price objective on Target from $166.00 to $185.00 and gave the stock a “buy” 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $159.33.

Insiders Place Their Bets

In other news, insider Melissa Kremer sold 15,500 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew Liegel sold 926 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at approximately $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 corporate insiders.

Target Price Performance

TGT stock traded down $1.11 on Monday, hitting $153.15. 2,970,905 shares of the company’s stock traded hands, compared to its average volume of 5,132,492. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The stock has a market cap of $69.58 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 2.82 and a beta of 0.98. The stock has a fifty day moving average of $157.79 and a 200-day moving average of $140.28. The company has a current ratio of 0.99, a quick ratio of 0.36 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 for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, analysts forecast that Target Corporation will post 9.02 EPS for the current fiscal year.

Target Announces Dividend

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

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.