Diversify Advisory Services LLC Purchases 7,837 Shares of Target Corporation $TGT

Diversify Advisory Services LLC raised its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 181.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,158 shares of the retailer's stock after buying an additional 7,837 shares during the period. Diversify Advisory Services LLC's holdings in Target were worth $1,904,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Target during the third quarter valued at $25,000. Kimelman & Baird LLC purchased a new position in Target during the second quarter valued at approximately $26,000. Richardson Financial Services Inc. purchased a new position in Target during the second quarter valued at approximately $26,000. Archer Investment Corp bought a new position in shares of Target in the 2nd quarter worth $30,000. Finally, Field & Main Bank lifted its position in shares of Target by 47.5% during the second quarter. Field & Main Bank now owns 295 shares of the retailer's stock valued at $39,000 after buying an additional 95 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TGT has been the topic of several research reports. Citigroup increased their price target on shares of Target from $148.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, August 20th. TD Cowen boosted their price objective on Target from $155.00 to $160.00 and gave the company a "hold" rating in a report on Thursday, August 20th. KeyCorp reaffirmed a "sector weight" rating on shares of Target in a research note on Thursday, August 20th. Oppenheimer raised their price target on shares of Target from $140.00 to $170.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Finally, Mizuho set a $150.00 price objective on shares of Target in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Target has a consensus rating of "Hold" and an average target price of $159.33.

Target Price Performance

TGT stock opened at $152.83 on Friday. The business has a fifty day moving average of $157.81 and a two-hundred day moving average of $141.08. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The stock has a market cap of $69.43 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75.

Target (NYSE:TGT - Get Free Report) last announced 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. Target had a return on equity of 23.23% and a net margin of 4.08%. The business had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the prior year, the company posted $2.05 EPS. The company's quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, research analysts anticipate that Target Corporation will post 8.89 earnings per share for the current year.

Target Dividend Announcement

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

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 12,266 shares in the company, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares in the company, valued at approximately $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. Company 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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