Vontobel Holding Ltd. boosted its holdings in Target Corporation (NYSE:TGT – Free Report) by 60.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,712 shares of the retailer’s stock after acquiring an additional 14,601 shares during the quarter. Vontobel Holding Ltd.’s holdings in Target were worth $6,066,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Pension & Wealth Management Advisors Inc. acquired a new position in Target during the 3rd quarter valued at about $25,000. Kimelman & Baird LLC purchased a new stake in shares of Target in the second quarter worth approximately $26,000. Richardson Financial Services Inc. purchased a new stake in shares of Target in the second quarter worth approximately $26,000. Archer Investment Corp purchased a new stake in shares of Target in the second quarter worth approximately $30,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Target by 245.6% in the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.
Insider Activity at Target
In related news, CAO Matthew Liegel sold 926 shares of the stock in a transaction that occurred on 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 approximately $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Melissa Kremer sold 15,500 shares of Target stock in a transaction 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 sale, the insider owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.13% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on TGT shares. Roth Capital restated a “neutral” rating and issued a $142.00 target price on shares of Target in a report on Thursday, August 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $154.00 price target on shares of Target in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $150.00 price target on Target in a report on Thursday, August 20th. Truist Financial increased their price target on Target from $147.00 to $167.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Finally, Robert W. Baird set a $170.00 price objective on Target in a research note on Thursday, August 20th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $159.33.
Get Our Latest Research Report on Target
Target Stock Down 1.4%
Target stock opened at $154.42 on Friday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two 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 firm’s 50-day simple moving average is $157.77 and its 200 day simple moving average is $139.90. The stock has a market cap of $70.15 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.98.
Target (NYSE:TGT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same quarter last year, the business posted $2.05 EPS. The company’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. Research analysts predict that Target Corporation will post 9.02 EPS for the current fiscal year.
Target Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. Target’s dividend payout ratio is currently 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.
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