Concurrent Investment Advisors LLC Purchases 19,539 Shares of Target Corporation $TGT

Key Points

• Concurrent Investment Advisors increased its Target stake by 25.3% in the second quarter, purchasing 19,539 shares for a total holding of 96,636 shares valued at approximately $12.6 million. Institutional investors collectively own 79.73% of Target.
• Target reported quarterly EPS of $4.11, well above the $2.35 consensus estimate, 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, while Target raised its quarterly dividend to $1.16 per share, representing a 2.8% annualized yield.

Concurrent Investment Advisors LLC lifted its stake in Target Corporation (NYSE:TGT - Free Report) by 25.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,636 shares of the retailer's stock after acquiring an additional 19,539 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Target were worth $12,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock worth $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP lifted its position in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer's stock valued at $4,040,000 after acquiring an additional 11,047 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer's stock worth $6,872,000 after buying an additional 12,948 shares in the last quarter. Sei Investments Co. lifted its holdings in Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer's stock worth $18,832,000 after acquiring an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Target by 11.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer's stock worth $26,910,000 after purchasing an additional 27,063 shares during the period. 79.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Target

In other Target news, CAO Matthew Liegel sold 926 shares of the 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 approximately $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Melissa Kremer sold 15,500 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares in the company, valued at $9,684,490.76. This represents a 21.38% 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.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TGT shares. Morgan Stanley restated an "overweight" rating on shares of Target in a research report on Thursday, August 20th. DA Davidson upped their price objective on shares of Target from $170.00 to $185.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Freedom Capital cut Target from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $154.00 target price on shares of Target in a report on Thursday, August 20th. Finally, Roth Capital reissued a "neutral" rating and issued a $142.00 target price on shares of Target in a report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $159.52.

Target Trading Up 0.1%

Shares of TGT stock opened at $164.15 on Friday. 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 stock has a 50 day simple moving average of $146.84 and a 200-day simple moving average of $131.57. The company has a market cap of $74.57 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 3.05 and a beta of 0.99. 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 posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The business had revenue of $26.54 billion during the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the prior year, the company posted $2.05 EPS. The business's revenue for the quarter 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, equities research analysts expect that Target Corporation will post 8.85 EPS for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 2.8%. This is a boost from Target's previous quarterly dividend of $1.14. Target's dividend payout ratio (DPR) is currently 48.18%.

Target 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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