20,200 Shares in Target Corporation $TGT Acquired by M3 Wealth Management LLC

Key Points

• M3 Wealth Management acquired 20,200 Target shares worth approximately $2.64 million in the second quarter, making Target about 1.7% of its portfolio. Institutional investors collectively own 79.73% of Target.
• Target reported quarterly EPS of $1.71, exceeding the $1.47 analyst consensus, while revenue rose 6.7% year over year to $25.44 billion. The company set fiscal 2026 EPS guidance at $7.50–$8.50.
• Analysts maintain a consensus “Hold” rating with a $143.30 price target, despite several target-price increases. Target also raised its quarterly dividend to $1.16, representing a $4.64 annual payout and a 3.0% yield.

M3 Wealth Management LLC acquired a new stake in Target Corporation (NYSE:TGT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,200 shares of the retailer's stock, valued at approximately $2,638,000. Target comprises approximately 1.7% of M3 Wealth Management LLC's investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. Bank of New York Mellon Corp acquired a new stake in Target during the 2nd quarter worth $831,466,000. Norges Bank acquired a new stake in shares of Target in the fourth quarter valued at about $587,903,000. TOMS Capital Investment Management LP acquired a new stake in shares of Target in the fourth quarter valued at about $257,571,000. AQR Capital Management LLC lifted its stake in shares of Target by 243.8% in the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer's stock worth $280,563,000 after buying an additional 2,035,298 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Target by 6,639.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer's stock worth $186,992,000 after buying an additional 1,884,577 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares of the company's stock, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TGT shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $140.00 price target on shares of Target in a research report on Friday. Freedom Capital downgraded shares of Target from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. Guggenheim raised their target price on shares of Target from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Evercore set a $150.00 target price on Target in a report on Tuesday, August 4th. Finally, Oppenheimer upped their price target on Target from $140.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $143.30.

Target Stock Down 0.6%

NYSE TGT opened at $154.52 on Friday. The business's fifty day simple moving average is $138.02 and its 200-day simple moving average is $126.14. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a market cap of $70.18 billion, a PE ratio of 20.41, a P/E/G ratio of 2.51 and a beta of 0.97. Target Corporation has a 52 week low of $83.44 and a 52 week high of $156.47.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Target's quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.4 earnings per share for the current year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target's previous quarterly dividend of $1.14. Target's dividend payout ratio (DPR) is presently 61.29%.

Target Company Profile

Target Corporation NYSE: TGT is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.

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