Convergence Financial LLC Buys 8,736 Shares of Target Corporation $TGT

Key Points

• Convergence Financial LLC increased its Target stake by 365.8% in the third quarter, purchasing 8,736 additional shares and ending the period with 11,124 shares valued at $1.743 million.
• Target reported quarterly earnings of $4.11 per share, 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.
• Target declared a quarterly dividend of $1.16 per share, or $4.64 annually, representing a 3.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $159.33.

Convergence Financial LLC increased its stake in Target Corporation (NYSE:TGT - Free Report) by 365.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,124 shares of the retailer's stock after purchasing an additional 8,736 shares during the quarter. Convergence Financial LLC's holdings in Target were worth $1,743,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. acquired a new position in Target during the third quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new stake in shares of Target in the second quarter worth $26,000. Kimelman & Baird LLC acquired a new stake in shares of Target in the second quarter worth $26,000. Archer Investment Corp acquired a new stake in shares of Target in the second quarter worth $30,000. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of Target by 134.9% during the 1st quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer's stock worth $36,000 after buying an additional 170 shares during the period. Institutional investors own 79.73% of the company's stock.

Target Stock Up 0.4%

Shares of TGT stock opened at $148.60 on Thursday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The firm has a market cap of $67.51 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.83 and a beta of 0.98. The stock has a 50 day moving average of $157.35 and a 200-day moving average of $133.34. 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 posted its quarterly earnings data 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. The company had revenue of $26.54 billion during the quarter, compared to analysts' expectations of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. Target's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts predict that Target Corporation will post 8.89 EPS for the current year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, November 10th. Target's dividend payout ratio is presently 48.18%.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of the business's stock in a transaction dated 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 owned 56,981 shares in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TGT has been the subject of several recent analyst reports. Mizuho set a $150.00 target price on shares of Target in a research note on Thursday, August 20th. Evercore set a $165.00 target price on shares of Target in a report on Tuesday, October 13th. Robert W. Baird set a $170.00 target price on shares of Target in a research report on Thursday, August 20th. JPMorgan Chase & Co. upped their price target on shares of Target from $129.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Target in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $159.33.

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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