Target Corporation $TGT Stock: HBW Advisory Services LLC Reduces Holdings

HBW Advisory Services LLC reduced its position in Target Corporation (NYSE:TGT - Free Report) by 42.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,012 shares of the retailer's stock after selling 7,400 shares during the quarter. HBW Advisory Services LLC's holdings in Target were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Target during the second quarter worth about $5,054,604,000. Bank of New York Mellon Corp purchased a new position in shares of Target in the 2nd quarter worth about $831,466,000. Dimensional Fund Advisors LP raised its holdings in shares of Target by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer's stock worth $656,091,000 after purchasing an additional 411,608 shares during the period. Bank of America Corp DE raised its holdings in shares of Target by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer's stock worth $597,656,000 after purchasing an additional 82,268 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Target by 12.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer's stock valued at $589,642,000 after purchasing an additional 514,155 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Trading Up 2.2%

Shares of TGT opened at $155.33 on Thursday. The stock's 50-day moving average is $157.48 and its two-hundred day moving average is $139.54. The stock has a market cap of $70.57 billion, a PE ratio of 16.13, a P/E/G ratio of 2.82 and a beta of 0.98. 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.

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. The company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The company's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities analysts forecast that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Announces Dividend

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 paid a dividend of $1.16 per share. The ex-dividend date 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%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Piper Sandler boosted their target price on Target from $146.00 to $153.00 and gave the stock a "neutral" rating in a report on Thursday, August 20th. TD Cowen raised their price target on shares of Target from $155.00 to $160.00 and gave the company a "hold" rating in a report on Thursday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Target from $129.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Wall Street Zen raised shares of Target from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 5th. Finally, Guggenheim boosted their price objective on shares of Target from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $159.33.

Insider Buying and Selling

In other news, CAO Matthew A. Liegel sold 926 shares of the company's stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the firm's stock in a transaction 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 sale, the insider directly owned 56,981 shares of the company's stock, valued at approximately $9,684,490.76. The trade was 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.

Target Profile

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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