Algert Global LLC Takes $1.16 Million Position in Target Corporation $TGT

Key Points

• Algert Global LLC purchased 8,862 Target shares in the second quarter, establishing a position valued at approximately $1.16 million. Institutional investors collectively own 79.73% of Target’s outstanding stock.
• Target reported quarterly EPS of $4.11, well above the $2.35 analyst consensus, while revenue rose 5.3% year over year to $26.54 billion. The company issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Analysts maintain a consensus “Hold” rating with an average price target of $159.52, below the reported share price of $163.14. Target also raised its quarterly dividend to $1.16 per share, representing a 2.8% annualized yield.

Algert Global LLC purchased a new stake in shares of Target Corporation (NYSE:TGT - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,862 shares of the retailer's stock, valued at approximately $1,157,000.

A number of other hedge funds have also bought and sold shares of TGT. E Fund Management Co. Ltd. boosted its position in Target by 4.1% during the second quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer's stock worth $228,000 after purchasing an additional 68 shares during the period. Wynn Capital LLC lifted its stake in shares of Target by 0.9% during the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer's stock valued at $1,104,000 after buying an additional 79 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in shares of Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer's stock valued at $70,000 after buying an additional 80 shares in the last quarter. Prosperity Consulting Group LLC grew its stake in Target by 3.4% in the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer's stock valued at $300,000 after buying an additional 81 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Target by 3.4% during the second quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer's stock worth $324,000 after acquiring an additional 82 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction that occurred 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 transaction, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Melissa K. Kremer sold 15,500 shares of Target stock in a transaction that occurred 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 transaction, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on TGT. Morgan Stanley reiterated an "overweight" rating on shares of Target in a research report on Thursday, August 20th. Zacks Research lowered Target from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of Target in a research report on Friday, July 31st. TD Cowen raised their price objective on shares of Target from $155.00 to $160.00 and gave the company a "hold" rating in a research report on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft set a $150.00 price objective on shares of Target in a research note on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Target presently has an average rating of "Hold" and an average target price of $159.52.

Target Price Performance

Shares of NYSE:TGT opened at $163.14 on Friday. The company's fifty day moving average price is $144.21 and its 200-day moving average price is $129.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The firm has a market capitalization of $74.10 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 3.04 and a beta of 0.97. Target Corporation has a one year low of $83.44 and a one year high of $170.75.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm posted $2.05 EPS. The firm's revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities research analysts anticipate that Target Corporation will post 8.84 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. 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 is presently 48.18%.

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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