Moore Capital Management LP bought a new stake in Target Corporation (NYSE:TGT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,743 shares of the retailer's stock, valued at approximately $5,060,000.
A number of other large investors have also added to or reduced their stakes in TGT. WFA of San Diego LLC purchased a new position in shares of Target in the 2nd quarter worth about $25,000. Jessup Wealth Management Inc bought a new stake in Target in the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. bought a new stake in Target in the 2nd quarter worth approximately $26,000. Kimelman & Baird LLC bought a new stake in Target in the 2nd quarter worth approximately $26,000. Finally, Altshuler Shaham Ltd purchased a new stake in Target in the fourth quarter worth approximately $26,000. Hedge funds and other institutional investors own 79.73% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on TGT shares. TD Cowen lifted their price target on shares of Target from $155.00 to $160.00 and gave the stock a "hold" rating in a research note on Thursday, August 20th. Roth Capital reaffirmed a "neutral" rating and set a $142.00 target price on shares of Target in a report on Thursday, August 20th. Royal Bank Of Canada lifted their target price on shares of Target from $166.00 to $178.00 and gave the stock an "outperform" rating in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $150.00 price target on shares of Target in a research report on Thursday, August 20th. Finally, Citigroup raised their price objective on Target from $148.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. Eleven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Target has a consensus rating of "Hold" and an average target price of $159.52.
Check Out Our Latest Stock Report on Target
Insider Buying and Selling
In other Target news, insider Melissa K. Kremer sold 15,500 shares of Target stock in a transaction on Monday, August 24th. The stock was 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 in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew A. Liegel sold 926 shares of the business'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 sale, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by company insiders.
Target Price Performance
TGT stock opened at $160.91 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75. The firm has a 50-day moving average of $144.83 and a 200 day moving average of $130.30. The company has a market cap of $73.08 billion, a P/E ratio of 16.71, a PEG ratio of 3.04 and a beta of 0.96.
Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating 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 firm had revenue of $26.54 billion for the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the previous year, the business posted $2.05 EPS. 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. On average, sell-side analysts forecast that Target Corporation will post 8.84 EPS for the current year.
Target Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This is a boost from Target's previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 2.9%. Target's dividend payout ratio is 48.18%.
About Target
(
Free Report)
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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