Target Corporation $TGT Shares Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Target stake by 598.3% in the third quarter, acquiring 10,500 additional shares for a total holding of 12,255 shares valued at approximately $1.92 million. Institutional investors collectively own 79.73% of Target.
• 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 provided fiscal 2026 EPS guidance of $9.90 to $10.90.
• Target declared a quarterly dividend of $1.16 per share, implying an annualized yield of about 3.0%. Analysts’ consensus rating remains “Hold,” with an average price target of $159.33 versus the reported share price of $152.40.

TD Waterhouse Canada Inc. lifted its stake in Target Corporation (NYSE:TGT - Free Report) by 598.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,255 shares of the retailer's stock after acquiring an additional 10,500 shares during the period. TD Waterhouse Canada Inc.'s holdings in Target were worth $1,919,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TGT. Pension & Wealth Management Advisors Inc. purchased a new stake in Target during the 3rd quarter worth about $25,000. Richardson Financial Services Inc. bought a new position in Target in the 2nd quarter worth about $26,000. Kimelman & Baird LLC purchased a new position in Target during the 2nd quarter valued at about $26,000. Archer Investment Corp purchased a new position in Target during the 2nd quarter valued at about $30,000. Finally, MidFirst Bank purchased a new position in Target during the 4th quarter valued at about $31,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

NYSE:TGT opened at $152.40 on Thursday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75. The stock has a fifty day moving average of $157.79 and a 200 day moving average of $140.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The firm has a market capitalization of $69.23 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 2.85 and a beta of 0.98.

Target (NYSE:TGT - Get Free Report) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts expect that Target Corporation will post 8.89 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, November 10th. Target's dividend payout ratio (DPR) is 48.18%.

Insider Activity

In related news, CAO Matthew A. Liegel sold 926 shares of the company's 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 transaction, the chief accounting officer directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of the firm's 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 directly 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. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TGT has been the topic of several analyst reports. Telsey Advisory Group upped their price target on Target from $170.00 to $182.00 and gave the company an "outperform" rating in a research report on Thursday, August 20th. DA Davidson raised their price objective on shares of Target from $170.00 to $185.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Roth Capital restated a "neutral" rating and issued a $142.00 price objective on shares of Target in a research report on Thursday, August 20th. Oppenheimer boosted their price objective on shares of Target from $140.00 to $170.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Finally, Robert W. Baird set a $170.00 price objective on shares of Target in a research note 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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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