DSG Capital Advisors LLC lessened its position in Target Corporation (NYSE:TGT – Free Report) by 24.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,162 shares of the retailer’s stock after selling 20,241 shares during the quarter. Target makes up about 1.4% of DSG Capital Advisors LLC’s portfolio, making the stock its 21st biggest position. DSG Capital Advisors LLC’s holdings in Target were worth $10,054,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Davis Investment Partners LLC boosted its holdings in Target by 8.3% during the third quarter. Davis Investment Partners LLC now owns 8,320 shares of the retailer’s stock worth $1,304,000 after purchasing an additional 638 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Target by 6.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 244,069 shares of the retailer’s stock valued at $38,243,000 after buying an additional 13,757 shares during the last quarter. Bahl & Gaynor LLC acquired a new stake in Target in the 3rd quarter valued at $232,000. AMG National Trust Bank increased its stake in Target by 2.1% in the 3rd quarter. AMG National Trust Bank now owns 10,830 shares of the retailer’s stock valued at $1,697,000 after buying an additional 225 shares during the last quarter. Finally, Lido Advisors LLC increased its stake in Target by 10.7% in the 3rd quarter. Lido Advisors LLC now owns 105,665 shares of the retailer’s stock valued at $16,557,000 after buying an additional 10,253 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.
Wall Street Analysts Forecast Growth
TGT has been the topic of several analyst reports. BNP Paribas Exane boosted their price target on shares of Target from $92.00 to $128.00 and gave the stock an “underperform” rating in a research report on Thursday, August 20th. Citigroup raised their price objective on Target from $148.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Roth Capital reaffirmed a “neutral” rating and issued a $142.00 target price (up from $114.00) on shares of Target in a research report on Thursday, August 20th. UBS Group lifted their target price on Target from $166.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Target in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $161.70.
Check Out Our Latest Research Report on TGT
Target Price Performance
NYSE:TGT opened at $161.82 on Wednesday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $156.48 and a 200 day simple moving average of $135.60. The stock has a market capitalization of $73.51 billion, a PE ratio of 16.80, a P/E/G ratio of 3.07 and a beta of 0.94.
Target (NYSE:TGT – Get Free Report) 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. Target had a net margin of 4.08% and a return on equity of 23.23%. The business had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the company earned $2.05 earnings per share. 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, research analysts expect that Target Corporation will post 8.91 EPS for the current fiscal year.
Target Announces Dividend
The company 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 $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 10th. Target’s dividend payout ratio (DPR) is 48.18%.
Insider Transactions at Target
In other news, CAO Matthew A. 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of the company’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 completion of 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. Company insiders own 0.13% of the company’s stock.
About Target
Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands. The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States. The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.
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