17,060 Target Corporation $TGT Shares Acquired by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC more than doubled its Target position in the third quarter, acquiring 17,060 additional shares for a total holding of 33,782 shares valued at approximately $5.3 million. Institutional investors collectively own 79.73% of Target.
• Analyst sentiment remains mixed: Target has an average “Hold” rating and a consensus price target of $159.33, despite some analysts raising their targets and Wall Street Zen upgrading the stock to “Strong Buy.”
• Target reported quarterly EPS of $4.11, beating estimates of $2.35, while revenue rose 5.3% year over year to $26.54 billion. The company also declared a quarterly dividend of $1.16 per share, representing a 3.1% annualized yield.

Signal Advisors Wealth LLC boosted its position in Target Corporation (NYSE:TGT - Free Report) by 102.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,782 shares of the retailer's stock after buying an additional 17,060 shares during the quarter. Signal Advisors Wealth LLC's holdings in Target were worth $5,293,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Ifrah Financial Services Inc. bought a new position in Target in the 3rd quarter worth approximately $201,000. Krilogy Financial LLC lifted its holdings in shares of Target by 1.5% during the third quarter. Krilogy Financial LLC now owns 9,058 shares of the retailer's stock worth $1,392,000 after buying an additional 136 shares during the last quarter. Walker Asset Management LLC acquired a new position in shares of Target during the third quarter worth approximately $219,000. Affinity Capital Advisors LLC bought a new stake in shares of Target in the third quarter valued at approximately $220,000. Finally, Courier Capital LLC boosted its position in shares of Target by 34.4% in the third quarter. Courier Capital LLC now owns 12,160 shares of the retailer's stock valued at $1,905,000 after acquiring an additional 3,111 shares during the period. Institutional investors own 79.73% of the company's stock.

Analyst Ratings Changes

TGT has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Target from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Guggenheim upped their target price on shares of Target from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Evercore set a $165.00 target price on shares of Target in a research note on Tuesday. Barclays increased their price target on shares of Target from $115.00 to $140.00 and gave the company an "underweight" rating in a report on Wednesday, August 19th. Finally, Mizuho set a $150.00 price target on shares of Target in a research report on Thursday, August 20th. Twelve investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $159.33.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of the business's stock in a transaction on 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 owned 12,266 shares of the company's stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the stock in a transaction on 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 transaction, the insider owned 56,981 shares of the company's stock, valued at approximately $9,684,490.76. This represents a 21.38% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by company insiders.

Target Trading Down 1.2%

Target stock opened at $151.81 on Wednesday. The business has a 50 day moving average price of $157.33 and a two-hundred day moving average price of $139.27. 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 Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The stock has a market cap of $68.97 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. Target's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts forecast that Target Corporation will post 8.89 EPS for the current year.

Target Announces Dividend

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

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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