Target Corporation $TGT Stock: Trek Financial LLC Boosts Holdings

Key Points

• Trek Financial LLC increased its Target stake by 1,574.7% in the third quarter, reaching 33,008 shares valued at approximately $5.17 million. Institutional investors collectively own 79.73% of Target.
• Target reported quarterly EPS of $4.11, exceeding the $2.35 consensus estimate, while revenue rose 5.3% year over year to $26.54 billion. The company set fiscal 2026 EPS guidance at $9.90–$10.90.
• Analysts maintain a consensus “Hold” rating with an average price target of $159.33, while Target declared a quarterly dividend of $1.16, equivalent to a 3.0% annualized yield.

Trek Financial LLC lifted its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 1,574.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,008 shares of the retailer's stock after purchasing an additional 31,037 shares during the quarter. Trek Financial LLC's holdings in Target were worth $5,172,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGT. Bogart Wealth LLC raised its holdings in Target by 41.8% during the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer's stock worth $13,453,000 after buying an additional 32,746 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new position in Target in the first quarter worth $6,686,000. Nicholas Investment Partners LP lifted its holdings in Target by 204.3% during the 2nd quarter. Nicholas Investment Partners LP now owns 55,154 shares of the retailer's stock valued at $7,204,000 after purchasing an additional 37,030 shares during the last quarter. Saudi Central Bank grew its stake in shares of Target by 89.7% during the second quarter. Saudi Central Bank now owns 31,700 shares of the retailer's stock valued at $4,140,000 after purchasing an additional 14,986 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in Target by 4,119.2% during the second quarter. Engineers Gate Manager LP now owns 372,558 shares of the retailer's stock worth $48,660,000 after buying an additional 363,728 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Insider Transactions at Target

In related news, CAO Matthew 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 transaction of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Also, insider Melissa Kremer sold 15,500 shares of Target stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $169.96, for a total value of $2,634,380.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on TGT. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Target in a research report on Friday, September 25th. Wolfe Research set a $169.00 target price on Target in a research report on Monday, August 3rd. BMO Capital Markets raised their target price on Target from $150.00 to $160.00 and gave the company a "market perform" rating in a research report on Thursday, August 20th. Evercore set a $165.00 price target on Target in a research report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. boosted their target price on Target from $129.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Target has an average rating of "Hold" and a consensus price target of $159.33.

Target Stock Down 0.4%

TGT stock opened at $153.70 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Target Corporation has a 52 week low of $83.44 and a 52 week high of $170.75. The stock has a market capitalization of $69.83 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. The firm has a 50 day moving average of $157.12 and a 200 day moving average of $133.81.

Target (NYSE:TGT - Get Free Report) last announced its earnings results 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. Target had a net margin of 4.08% and a return on equity of 23.23%. The company had revenue of $26.54 billion for the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The firm'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. Sell-side analysts forecast that Target Corporation will post 8.89 earnings per share for the current year.

Target Announces Dividend

The company 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 $1.16 dividend. 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%.

About Target

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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