20,581 Target Corporation $TGT Shares Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Target holdings by 12.2%, acquiring 20,581 shares to own 189,553 shares valued at approximately $29.7 million. Institutional investors and hedge funds collectively own 79.73% of Target.
• Analysts have a consensus “Hold” rating on Target, with an average price target of $159.33; recent targets range from $153 to $185.
• Target reported quarterly EPS of $4.11, well above the $2.35 estimate, while revenue rose 5.3% year over year to $26.54 billion. The company also declared a quarterly dividend of $1.16 per share, implying a 3.0% annualized yield.

Nisa Investment Advisors LLC increased its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,553 shares of the retailer's stock after acquiring an additional 20,581 shares during the period. Nisa Investment Advisors LLC's holdings in Target were worth $29,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. grew its holdings in shares of Target by 11.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,300,681 shares of the retailer's stock worth $203,804,000 after purchasing an additional 138,061 shares during the last quarter. Diversify Advisory Services LLC increased its stake in shares of Target by 181.4% in the third quarter. Diversify Advisory Services LLC now owns 12,158 shares of the retailer's stock valued at $1,904,000 after buying an additional 7,837 shares in the last quarter. Capital Management Associates Inc increased its stake in shares of Target by 44.7% in the third quarter. Capital Management Associates Inc now owns 6,924 shares of the retailer's stock valued at $1,085,000 after buying an additional 2,138 shares in the last quarter. 55 North Private Wealth LLC acquired a new stake in shares of Target in the third quarter valued at $255,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Target by 1.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 68,713 shares of the retailer's stock valued at $10,767,000 after buying an additional 741 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Target news, insider Melissa K. Kremer sold 15,500 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares of the company's stock, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wolfe Research set a $169.00 price objective on shares of Target in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Target from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 5th. TD Cowen increased their price target 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 increased their price target on shares of Target from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Finally, Piper Sandler raised their price target on shares of Target from $146.00 to $153.00 and gave the company a "neutral" rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $159.33.

Target Trading Up 0.5%

Shares of TGT opened at $154.08 on Wednesday. The stock's fifty day simple moving average is $157.82 and its 200-day simple moving average is $140.51. The firm has a market capitalization of $70.00 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. 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 (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $26.13 billion. During the same period last year, the company earned $2.05 earnings per share. The company's revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, research analysts predict that Target Corporation will post 8.89 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.16 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. Target's payout ratio is currently 48.18%.

Target 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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