Target Corporation $TGT Stock: Fulcrum Asset Management LLP Increases Position

Fulcrum Asset Management LLP grew its stake in Target Corporation (NYSE:TGT - Free Report) by 84,903.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,801 shares of the retailer's stock after purchasing an additional 23,773 shares during the period. Fulcrum Asset Management LLP's holdings in Target were worth $3,723,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Washington Trust Advisors Inc. increased its stake in Target by 28.5% in the 3rd quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer's stock valued at $46,000 after buying an additional 65 shares during the period. E Fund Management Co. Ltd. raised its position in Target by 4.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer's stock worth $228,000 after buying an additional 68 shares during the last quarter. Avior Wealth Management LLC raised its position in Target by 3.5% during the 3rd quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer's stock worth $341,000 after buying an additional 73 shares during the last quarter. Allegiance Financial Group Advisory Services LLC lifted its stake in shares of Target by 2.1% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 3,744 shares of the retailer's stock worth $587,000 after acquiring an additional 76 shares during the period. Finally, Wynn Capital LLC lifted its stake in shares of Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer's stock worth $1,104,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Stock Up 4.7%

Shares of NYSE TGT opened at $165.91 on Tuesday. The stock has a market capitalization of $75.37 billion, a PE ratio of 17.23, a P/E/G ratio of 3.02 and a beta of 0.94. 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 firm has a fifty day moving average of $156.46 and a 200-day moving average of $135.32. 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 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 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 period last year, the company posted $2.05 EPS. The business'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. On average, analysts anticipate that Target Corporation will post 8.91 EPS for the current year.

Target Dividend Announcement

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

Insider Transactions at Target

In other news, 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 approximately $9,684,490.76. The trade was a 21.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TGT. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $161.00 target price (up from $127.00) on shares of Target in a report on Friday, September 25th. Piper Sandler boosted their price target on Target from $146.00 to $153.00 and gave the stock a "neutral" rating in a research note on Thursday, August 20th. Roth Capital reissued a "neutral" rating and issued a $142.00 price objective (up from $114.00) on shares of Target in a research note on Thursday, August 20th. Mizuho set a $150.00 target price on shares of Target and gave the company a "neutral" rating in a report on Thursday, August 20th. Finally, UBS Group lifted their target price on shares of Target from $166.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $161.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.