51,906 Target Corporation $TGT Shares Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC more than doubled its Target stake in the third quarter, purchasing 51,906 additional shares and bringing its holdings to 100,000 shares valued at approximately $15.7 million.
• Target reported quarterly earnings of $4.11 per share, well above the $2.35 consensus estimate, while revenue reached $26.54 billion, up 5.3% year over year. The company also maintained FY 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. Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $159.33.

International Assets Investment Management LLC boosted its stake in Target Corporation (NYSE:TGT - Free Report) by 107.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the retailer's stock after buying an additional 51,906 shares during the period. International Assets Investment Management LLC's holdings in Target were worth $15,669,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TGT. Washington Trust Advisors Inc. increased its position in shares of Target by 28.5% during the third quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. E Fund Management Co. Ltd. lifted its holdings in shares of Target by 4.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer's stock worth $228,000 after acquiring an additional 68 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Target by 3.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer's stock worth $341,000 after acquiring an additional 73 shares during the last quarter. Wynn Capital LLC lifted its holdings in shares of Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer's stock worth $1,104,000 after acquiring an additional 79 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in shares of Target by 0.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 16,069 shares of the retailer's stock worth $2,518,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Price Performance

Shares of TGT opened at $153.70 on Friday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75. The firm's 50 day moving average price is $157.12 and its 200 day moving average price is $133.81. The company has a market cap of $69.83 billion, a P/E ratio of 15.96, a PEG ratio of 2.86 and a beta of 0.98. 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 issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to analysts' expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts forecast that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed 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. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. Target's payout ratio is 48.18%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft set a $150.00 target price on Target in a research report on Thursday, August 20th. Zacks Research upgraded Target from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 12th. Robert W. Baird set a $170.00 price target on Target in a research report on Thursday, August 20th. DA Davidson lifted their price objective on Target from $170.00 to $185.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Finally, Oppenheimer boosted their price objective on Target from $140.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $159.33.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction on Friday, August 21st. The shares were 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 in the company, valued at $2,005,613.66. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $169.96, for a total value 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 SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company's stock.

Target Company 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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