Target Corporation $TGT Stock Sold by Value Partners Investments Inc.

Value Partners Investments Inc. reduced its holdings in Target Corporation (NYSE:TGT) by 16.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 25,400 shares of the retailer’s stock after selling 5,000 shares during the quarter. Value Partners Investments Inc.’s holdings in Target were worth $3,983,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TGT. SteelPeak Wealth LLC raised its stake in Target by 3.0% during the third quarter. SteelPeak Wealth LLC now owns 3,431 shares of the retailer’s stock worth $538,000 after acquiring an additional 100 shares during the period. CRA Financial Services LLC bought a new position in Target in the third quarter worth about $179,000. Robertson Stephens Wealth Management LLC lifted its holdings in Target by 1.1% in the third quarter. Robertson Stephens Wealth Management LLC now owns 34,310 shares of the retailer’s stock worth $5,376,000 after acquiring an additional 381 shares during the last quarter. Fiscal Wisdom Wealth Management LLC acquired a new position in Target in the third quarter valued at approximately $219,000. Finally, USA Financial Formulas acquired a new position in Target in the third quarter valued at approximately $677,000. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of TGT stock traded down $1.11 during trading hours on Monday, reaching $153.15. The stock had a trading volume of 2,970,905 shares, compared to its average volume of 5,132,492. The firm has a market capitalization of $69.58 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 2.82 and a beta of 0.98. The firm has a 50-day simple moving average of $157.79 and a 200-day simple moving average of $140.28. Target Corporation has a twelve month low of $83.44 and a twelve 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) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. Target’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts forecast that Target Corporation will post 9.02 earnings per share for the current year.

Target Announces Dividend

The firm 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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. Target’s payout ratio is 48.18%.

Insider Buying and Selling

In related news, insider Melissa K. 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 represents a 21.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of the firm’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 value of $151,410.26. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of several recent research reports. BMO Capital Markets upped their target price on Target from $150.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, August 20th. Evercore set a $165.00 price target on Target in a research report on Tuesday, October 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $154.00 price target on shares of Target in a report on Thursday, August 20th. Guggenheim raised their price target on Target from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Truist Financial boosted their price objective on Target from $147.00 to $167.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $159.33.

Target Company Profile

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.