Target Corporation $TGT Stock: Farther Finance Advisors LLC Grows Holdings

Key Points

• Farther Finance Advisors increased its Target position by 26.7% in the third quarter, bringing its holdings to 33,883 shares valued at approximately $5.3 million. Institutional investors collectively own 79.73% of Target.
• Target reported quarterly earnings of $4.11 per share, surpassing the $2.35 analyst consensus, while revenue rose 5.3% year over year to $26.54 billion.
• Target declared a quarterly dividend of $1.16 per share, or $4.64 annually, representing a 3.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $159.52.

Farther Finance Advisors LLC raised its position in Target Corporation (NYSE:TGT - Free Report) by 26.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,883 shares of the retailer's stock after buying an additional 7,134 shares during the quarter. Farther Finance Advisors LLC's holdings in Target were worth $5,309,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Target in the 2nd quarter valued at $5,054,604,000. State Street Corp raised its position in Target by 0.3% during the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer's stock worth $3,692,265,000 after purchasing an additional 124,468 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Target in the second quarter worth approximately $831,466,000. Dimensional Fund Advisors LP raised its stake in Target by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer's stock worth $656,091,000 after buying an additional 411,608 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Target by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer's stock valued at $597,656,000 after purchasing an additional 82,268 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Down 0.6%

Shares of NYSE:TGT opened at $153.79 on Friday. The firm has a market capitalization of $69.87 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. Target Corporation has a 1 year low of $83.44 and a 1 year 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 firm's 50-day moving average is $157.17 and its two-hundred day moving average is $138.58.

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

Target Announces Dividend

The business 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 dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. Target's dividend payout ratio (DPR) is currently 48.18%.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 completion of the sale, the insider 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 disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent research reports. Weiss Ratings raised Target from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Citigroup lifted their target price on shares of Target from $148.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, August 20th. Oppenheimer raised their price objective on shares of Target from $140.00 to $170.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. Guggenheim raised their price objective on Target from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Finally, DA Davidson raised their price target on Target from $170.00 to $185.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Twelve investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $159.52.

About Target

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping channels under the Target brand. The company sells a broad assortment of products, including apparel and accessories, beauty and personal care items, home furnishings, electronics, groceries, toys, seasonal merchandise and everyday essentials.

Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.

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