15,680 Shares of Target Corporation $TGT Acquired by Neumann Capital Management LLC

Key Points

• Neumann Capital Management acquired 15,680 Target shares worth approximately $2.46 million in the third quarter. Other institutional investors also increased their positions, with institutions collectively owning 79.73% of Target.
• Target reported quarterly EPS of $4.11, well above the $2.35 analyst consensus, while revenue rose 5.3% year over year to $26.54 billion. The company issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Target declared a quarterly dividend of $1.16 per share, equivalent to an annualized $4.64 dividend and a 3.0% yield. Despite mixed analyst sentiment, the stock carries a consensus “Hold” rating and an average price target of $159.33.

Neumann Capital Management LLC bought a new stake in shares of Target Corporation (NYSE:TGT - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,680 shares of the retailer's stock, valued at approximately $2,457,000.

Several other large investors have also recently made changes to their positions in TGT. Activest Wealth Management grew its stake in shares of Target by 108.7% in the third quarter. Activest Wealth Management now owns 313 shares of the retailer's stock worth $49,000 after acquiring an additional 163 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co raised its position in shares of Target by 17.8% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 5,496 shares of the retailer's stock worth $861,000 after purchasing an additional 829 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Target by 0.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 19,699 shares of the retailer's stock worth $3,087,000 after purchasing an additional 122 shares during the last quarter. Triasima Portfolio Management inc. raised its position in shares of Target by 102.1% in the 3rd quarter. Triasima Portfolio Management inc. now owns 46,644 shares of the retailer's stock worth $7,309,000 after purchasing an additional 23,564 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Target by 355.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 311,646 shares of the retailer's stock worth $48,832,000 after purchasing an additional 243,252 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Melissa K. 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 sale, the insider 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew A. Liegel sold 926 shares of Target 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 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 SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by corporate insiders.

Target Stock Up 0.9%

Target stock opened at $156.66 on Friday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The stock has a fifty day simple moving average of $157.67 and a two-hundred day simple moving average of $139.80. 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 market cap of $71.17 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.88 and a beta of 0.98.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) 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 firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the prior year, the company posted $2.05 earnings per share. The company's quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities analysts predict that Target Corporation will post 8.89 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be given 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 3.0%. Target's payout ratio is 48.18%.

Analyst Ratings Changes

Several brokerages recently commented on TGT. KeyCorp reissued a "sector weight" rating on shares of Target in a research report on Thursday, August 20th. TD Cowen raised their price objective on shares of Target from $155.00 to $160.00 and gave the company a "hold" rating in a research note on Thursday, August 20th. Wells Fargo & Company lifted their target price on shares of Target from $165.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Jefferies Financial Group lifted their target price on shares of Target from $161.00 to $177.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft set a $150.00 target price on shares of Target in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Target has an average rating of "Hold" and a consensus target price of $159.33.

About Target

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping channels under the Target brand. The company sells a broad assortment of products, including apparel and accessories, beauty and personal care items, home furnishings, electronics, groceries, toys, seasonal merchandise and everyday essentials.

Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.

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