Target Corporation $TGT Shares Newly Acquired by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC purchased a new stake in Target Corporation (NYSE:TGT) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,378 shares of the retailer’s stock, valued at approximately $529,000.

A number of other hedge funds also recently modified their holdings of TGT. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Target in the first quarter worth $6,686,000. Nicholas Investment Partners LP increased its holdings in Target by 204.3% during the 2nd quarter. Nicholas Investment Partners LP now owns 55,154 shares of the retailer’s stock worth $7,204,000 after purchasing an additional 37,030 shares in the last quarter. Saudi Central Bank raised its holdings in shares of Target by 89.7% in the second quarter. Saudi Central Bank now owns 31,700 shares of the retailer’s stock valued at $4,140,000 after purchasing an additional 14,986 shares during the last quarter. Engineers Gate Manager LP boosted its stake in shares of Target by 4,119.2% in the 2nd quarter. Engineers Gate Manager LP now owns 372,558 shares of the retailer’s stock worth $48,660,000 after buying an additional 363,728 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Target during the 2nd quarter valued at approximately $833,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TGT shares. Gordon Haskett lowered their price target on Target from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Telsey Advisory Group lifted their price objective on Target from $170.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. Weiss Ratings raised shares of Target from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of Target from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Finally, Barclays upped their price objective on Target from $115.00 to $140.00 and gave the company an “underweight” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $161.50.

Insiders Place Their Bets

In other Target news, CAO Matthew Liegel sold 926 shares of the 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 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. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Melissa Kremer sold 15,500 shares of the stock in a transaction dated 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 sale, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $163.26 on Thursday. The firm’s fifty day moving average is $156.68 and its two-hundred day moving average is $134.54. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The company has a market cap of $74.17 billion, a P/E ratio of 16.95, a P/E/G ratio of 2.86 and a beta of 0.94.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS 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 return on equity of 23.23% and a net margin of 4.08%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, analysts anticipate that Target Corporation will post 8.91 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. Target’s payout ratio is 48.18%.

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.