B.A. Schrock Wealth Management Inc. Purchases New Stake in Target Corporation $TGT

Key Points

• B.A. Schrock Wealth Management purchased 42,781 Target shares worth approximately $6.7 million in the third quarter, making Target 2.3% of its portfolio. Institutional investors collectively own 79.73% of Target’s stock.
• Target reported a strong quarter, with $4.11 in earnings per share versus the $2.35 consensus estimate and revenue of $26.54 billion, up 5.3% year over year. The company issued fiscal 2026 EPS guidance of $9.90 to $10.90.
• Target declared a quarterly dividend of $1.16 per share, equivalent to an annualized $4.64 payout and a 3.0% yield. Analysts’ consensus rating is “Hold,” with an average price target of $159.33.

B.A. Schrock Wealth Management Inc. purchased a new stake in Target Corporation (NYSE:TGT - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,781 shares of the retailer's stock, valued at approximately $6,704,000. Target makes up 2.3% of B.A. Schrock Wealth Management Inc.'s holdings, making the stock its 12th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fortitude Family Office LLC increased its holdings in Target by 90.2% in the third quarter. Fortitude Family Office LLC now owns 892 shares of the retailer's stock valued at $140,000 after buying an additional 423 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in Target by 2.4% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 18,765 shares of the retailer's stock valued at $2,940,000 after purchasing an additional 440 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Target in the third quarter valued at $485,000. ABLE Financial Group LLC increased its position in shares of Target by 94.6% in the third quarter. ABLE Financial Group LLC now owns 13,048 shares of the retailer's stock valued at $2,044,000 after buying an additional 6,343 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Target by 69.3% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 15,609 shares of the retailer's stock worth $2,446,000 after buying an additional 6,388 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Stock Performance

NYSE:TGT opened at $155.33 on Thursday. 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 cap of $70.57 billion, a PE ratio of 16.13, a P/E/G ratio of 2.82 and a beta of 0.98. The firm has a 50 day simple moving average of $157.48 and a 200-day simple moving average of $139.54. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. The firm 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%. Target's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts expect that Target Corporation will post 8.89 EPS for the current year.

Target Announces Dividend

The firm 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 $1.16 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. Target's payout ratio is currently 48.18%.

Insiders Place Their Bets

In related news, CAO Matthew Liegel sold 926 shares of the company'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 directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Melissa Kremer sold 15,500 shares of the company's stock in a transaction 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 completion of the transaction, the insider owned 56,981 shares of the company's stock, valued at $9,684,490.76. The trade was 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 insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TGT shares. Jefferies Financial Group boosted their price objective on shares of Target from $161.00 to $177.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Oppenheimer increased their price objective on shares of Target from $140.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Wells Fargo & Company raised their target price on shares of Target from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, August 20th. Guggenheim lifted their target price on shares of Target from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Finally, Roth Capital restated a "neutral" rating and set a $142.00 target price on shares of Target in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $159.33.

Target Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping channels under the Target brand. The company sells a broad assortment of products, including apparel and accessories, beauty and personal care items, home furnishings, electronics, groceries, toys, seasonal merchandise and everyday essentials.

Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.

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