M Holdings Securities Inc. Buys New Position in Target Corporation $TGT

Key Points

• M Holdings Securities initiated a position in Target, buying 7,347 shares worth approximately $1.15 million in the third quarter. Institutional investors collectively own 79.73% of the company.
• Target reported quarterly earnings of $4.11 per share, beating the $2.35 consensus estimate, while revenue rose 5.3% year over year to $26.54 billion.
• Target declared a quarterly dividend of $1.16 per share, equivalent to an annualized $4.64 and a 2.8% yield. Analysts’ consensus rating is “Hold,” with an average price target of $161.70.

M Holdings Securities Inc. bought a new stake in Target Corporation (NYSE:TGT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,347 shares of the retailer's stock, valued at approximately $1,153,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Target by 2.1% during the third quarter. Brighton Jones LLC now owns 18,510 shares of the retailer's stock worth $2,900,000 after acquiring an additional 373 shares during the period. Uhlmann Price Securities LLC lifted its position in Target by 4.6% in the third quarter. Uhlmann Price Securities LLC now owns 17,789 shares of the retailer's stock valued at $2,784,000 after purchasing an additional 786 shares during the period. Ethic Inc. lifted its position in Target by 10.6% in the third quarter. Ethic Inc. now owns 39,748 shares of the retailer's stock valued at $6,228,000 after purchasing an additional 3,804 shares during the period. StoneX Group Inc. lifted its position in Target by 7.6% in the third quarter. StoneX Group Inc. now owns 4,692 shares of the retailer's stock valued at $737,000 after purchasing an additional 330 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Target by 0.9% in the 3rd quarter. Parallel Advisors LLC now owns 8,833 shares of the retailer's stock valued at $1,384,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Insider Activity at Target

In related news, insider Melissa Kremer sold 15,500 shares of the firm'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 value of $2,634,380.00. Following the completion of the transaction, the insider directly owned 56,981 shares of the company's stock, valued at $9,684,490.76. This trade represents a 21.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew Liegel sold 926 shares of Target 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 transaction, the chief accounting officer directly owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. This represents a 7.02% 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 Stock Up 4.7%

TGT stock opened at $165.91 on Tuesday. The company has a market cap of $75.37 billion, a P/E ratio of 17.23, a P/E/G ratio of 3.02 and a beta of 0.94. Target Corporation has a 52 week low of $83.44 and a 52 week high of $170.75. The company's 50-day moving average price is $156.46 and its 200 day moving average price is $135.32. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping 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 company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The firm's revenue for the quarter 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, research analysts expect that Target Corporation will post 8.91 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a $1.16 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. Target's dividend payout ratio is currently 48.18%.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent analyst reports. BNP Paribas Exane boosted their target price on Target from $92.00 to $128.00 and gave the stock an "underperform" rating in a research report on Thursday, August 20th. Argus raised their price target on Target from $150.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 21st. Zacks Research upgraded Target from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. Weiss Ratings upgraded Target from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada upped their price objective on Target from $166.00 to $178.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $161.70.

About Target

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands.

The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States.

The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.

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