Hanseatic Management Services Inc. Makes New $847,000 Investment in Target Corporation $TGT

Hanseatic Management Services Inc. purchased a new stake in shares of Target Corporation (NYSE:TGT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,403 shares of the retailer’s stock, valued at approximately $847,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Washington Trust Advisors Inc. boosted its position in shares of Target by 28.5% during the third quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer’s stock valued at $46,000 after buying an additional 65 shares during the period. E Fund Management Co. Ltd. raised its holdings in shares of Target by 4.1% in the second quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after buying an additional 68 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Target by 3.5% in the third quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer’s stock worth $341,000 after buying an additional 73 shares during the period. Wynn Capital LLC raised its holdings in shares of Target by 0.9% in the second quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock worth $1,104,000 after buying an additional 79 shares during the period. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Target by 0.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 16,069 shares of the retailer’s stock worth $2,518,000 after acquiring an additional 79 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TGT. Telsey Advisory Group boosted their price objective on Target from $170.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. KeyCorp reiterated a “sector weight” rating on shares of Target in a research report on Thursday, August 20th. Robert W. Baird set a $170.00 price target on shares of Target in a research note on Thursday, August 20th. Morgan Stanley reiterated an “overweight” rating on shares of Target in a report on Thursday, August 20th. Finally, Evercore set a $165.00 price objective on shares of Target in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $159.33.

Target Trading Up 0.4%

TGT opened at $148.60 on Thursday. The stock’s fifty day moving average is $157.35 and its two-hundred day moving average is $133.34. The company has a market capitalization of $67.51 billion, a P/E ratio of 15.43, a PEG ratio of 2.83 and a beta of 0.98. Target Corporation has a 52 week low of $83.44 and a 52 week high of $170.75. 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 issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%. The business had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period in the previous year, the company posted $2.05 EPS. Target’s revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Analysts forecast that Target Corporation will post 8.89 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, November 10th. Target’s payout ratio is presently 48.18%.

Insider Activity

In related news, CAO Matthew Liegel sold 926 shares of the company’s stock in a transaction dated 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 $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Melissa Kremer sold 15,500 shares of the firm’s 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 transaction, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.

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.