Vise Technologies Inc. Buys 37,333 Shares of Target Corporation $TGT

Key Points

• Vise Technologies acquired 37,333 Target shares in the third quarter, valued at approximately $5.85 million. Institutional investors collectively own 79.73% of Target’s outstanding stock.
• Analysts remain mixed, with a consensus “Hold” rating and an average price target of $159.33; targets from major firms range from $124 to $170.
• Target reported stronger-than-expected quarterly results, including $4.11 in EPS and $26.54 billion in revenue, while declaring a quarterly dividend of $1.16 per share, representing a 2.9% annualized yield.

Vise Technologies Inc. purchased a new stake in Target Corporation (NYSE:TGT - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 37,333 shares of the retailer's stock, valued at approximately $5,850,000.

Other hedge funds also recently made changes to their positions in the company. Intrua Financial LLC purchased a new stake in Target during the 3rd quarter valued at approximately $210,000. Moss Adams Wealth Advisors LLC purchased a new position in shares of Target in the 3rd quarter valued at about $322,000. MGO One Seven LLC increased its holdings in Target by 1.6% in the third quarter. MGO One Seven LLC now owns 12,141 shares of the retailer's stock valued at $1,894,000 after buying an additional 197 shares in the last quarter. Sagace Wealth Management LLC acquired a new position in Target during the third quarter worth $345,000. Finally, Americana Partners LLC raised its stake in shares of Target by 4.9% during the 3rd quarter. Americana Partners LLC now owns 38,903 shares of the retailer's stock worth $6,096,000 after buying an additional 1,834 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TGT shares. Oppenheimer raised their price target on Target from $140.00 to $170.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 11th. Morgan Stanley reiterated an "overweight" rating on shares of Target in a report on Thursday, August 20th. Bank of America reissued an "underperform" rating and set a $124.00 target price (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. Evercore set a $165.00 target price on Target in a research note on Tuesday, October 13th. Finally, Truist Financial lifted their price target on shares of Target from $147.00 to $167.00 and gave the stock a "hold" rating in a research note on Thursday, August 20th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $159.33.

Insider Transactions at Target

In other Target news, CAO Matthew 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 value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares in the company, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Melissa Kremer sold 15,500 shares of the 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 completion of the transaction, the insider directly owned 56,981 shares of the company's stock, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company's stock.

Target Stock Performance

Shares of TGT opened at $158.89 on Tuesday. The business's fifty day moving average price is $156.99 and its 200 day moving average price is $134.06. 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 Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. The stock has a market capitalization of $72.18 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.76 and a beta of 0.98.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating 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 business had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period in the previous year, the business posted $2.05 EPS. The company'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. Equities research analysts forecast that Target Corporation will post 8.89 EPS 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 issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 2.9%. Target's payout ratio is 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.

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.