Target Corporation $TGT Shares Newly Acquired by Red Cedar Investment Management LLC

Key Points

• Red Cedar Investment Management initiated a Target position, buying 7,580 shares worth approximately $1.19 million in the third quarter. Other institutions also reported new stakes; institutional investors and hedge funds own 79.73% of Target shares.
• Target reported quarterly EPS of $4.11, beating the $2.35 consensus, while revenue rose 5.3% year over year to $26.54 billion. The company guided to fiscal 2026 EPS of $9.90–$10.90 and declared a $1.16 quarterly dividend.
• Analysts’ average rating is Hold, with an average price target of $161.70. Shares opened at $165.91 in the report, and two company insiders recently sold shares.

Red Cedar Investment Management LLC bought a new position in shares of Target Corporation (NYSE:TGT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,580 shares of the retailer's stock, valued at approximately $1,188,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TGT. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Target in the 3rd quarter worth approximately $25,000. Putney Financial Group LLC acquired a new position in Target during the third quarter worth $28,000. Kimelman & Baird LLC acquired a new position in Target during the second quarter worth $26,000. Richardson Financial Services Inc. purchased a new stake in Target during the second quarter worth $26,000. Finally, Quest 10 Wealth Builders Inc. purchased a new stake in Target during the third quarter worth $31,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of NYSE TGT opened at $165.91 on Tuesday. The company has a market cap of $75.37 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 3.02 and a beta of 0.94. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. 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 company has a 50-day simple moving average of $156.46 and a 200-day simple moving average of $135.32.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion for 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%. The business's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts anticipate that Target Corporation will post 8.91 earnings per share for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders 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 annualized dividend and a yield of 2.8%. Target's payout ratio is 48.18%.

Analyst Upgrades and Downgrades

TGT has been the topic of several research reports. BNP Paribas Exane upped their target price on Target from $92.00 to $128.00 and gave the company an "underperform" rating in a report on Thursday, August 20th. Wolfe Research set a $169.00 price target on Target in a research note on Monday, August 3rd. Citigroup lifted their price target on Target from $148.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, August 20th. Gordon Haskett decreased their price objective on shares of Target from $200.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. Finally, Zacks Research raised shares of Target from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $161.70.

Insider Transactions at Target

In other news, insider Melissa Kremer sold 15,500 shares of the company's stock in a transaction dated 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 transaction, the insider owned 56,981 shares of the company's stock, valued at $9,684,490.76. This represents a 21.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew Liegel sold 926 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company's stock.

Target Company Profile

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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