Two Sigma Securities LLC Makes New Investment in Target Corporation $TGT

Key Points

• Two Sigma Securities initiated a Target position of 6,381 shares worth approximately $833,000 in the second quarter. Institutional investors and hedge funds collectively own 79.73% of Target’s stock.
• Target reported quarterly EPS of $4.11, beating estimates of $2.35, while revenue rose 5.3% year over year to $26.54 billion. The company also increased its quarterly dividend to $1.16 per share, equivalent to a 2.8% yield.
• Analyst sentiment remains mixed, with Target holding a consensus “Hold” rating and an average price target of $159.52; shares recently opened at $163.75.

Two Sigma Securities LLC bought a new position in Target Corporation (NYSE:TGT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,381 shares of the retailer's stock, valued at approximately $833,000.

A number of other large investors have also modified their holdings of the stock. Kimelman & Baird LLC purchased a new position in Target in the 2nd quarter worth approximately $26,000. Richardson Financial Services Inc. purchased a new stake in shares of Target during the second quarter valued at approximately $26,000. Archer Investment Corp purchased a new stake in shares of Target during the second quarter valued at approximately $30,000. WFA of San Diego LLC purchased a new stake in shares of Target during the second quarter valued at approximately $25,000. Finally, Jessup Wealth Management Inc acquired a new position in shares of Target during the fourth quarter worth $25,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Stock Up 1.8%

Shares of NYSE:TGT opened at $163.75 on Wednesday. The firm has a market cap of $74.39 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 3.00 and a beta of 0.99. The company has a fifty day simple moving average of $145.43 and a 200 day simple moving average of $130.64. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities research analysts anticipate that Target Corporation will post 8.84 EPS for the current fiscal year.

Target Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This is a positive change from Target's previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. Target's dividend payout ratio is 48.18%.

Analysts Set New Price Targets

TGT has been the subject of a number of recent analyst reports. Bank of America reaffirmed an "underperform" rating and set a $124.00 price target (up from $110.00) on shares of Target in a report on Wednesday, August 12th. BMO Capital Markets boosted their price objective on shares of Target from $150.00 to $160.00 and gave the stock a "market perform" rating in a report on Thursday, August 20th. Wall Street Zen raised shares of Target from a "hold" rating to a "buy" rating in a research report on Saturday, June 6th. Telsey Advisory Group raised their target price on Target from $170.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday, August 20th. Finally, Wolfe Research set a $169.00 target price on Target in a research report on Monday, August 3rd. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Target currently has an average rating of "Hold" and a consensus target price of $159.52.

Insider Activity

In other Target news, insider Melissa K. Kremer sold 15,500 shares of the company's stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is available 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 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company's stock.

About Target

Target Corporation NYSE: TGT is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.

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