5,403 Shares of Target Corporation $TGT Acquired by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. acquired a new position in Target Corporation (NYSE:TGT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,403 shares of the retailer’s stock, valued at approximately $847,000.

A number of other hedge funds have also recently made changes to their positions in the business. Washington Trust Advisors Inc. raised its stake in Target by 28.5% during the 3rd quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer’s stock valued at $46,000 after purchasing an additional 65 shares during the period. E Fund Management Co. Ltd. lifted its holdings in Target by 4.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after purchasing an additional 68 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Target by 3.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer’s stock worth $341,000 after purchasing an additional 73 shares during the period. Wynn Capital LLC boosted its stake in Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock worth $1,104,000 after purchasing an additional 79 shares during the period. Finally, Pinnacle Associates Ltd. grew its holdings in Target by 0.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 16,069 shares of the retailer’s stock valued at $2,518,000 after buying an additional 79 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TGT. Wall Street Zen upgraded shares of Target from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Oppenheimer upped their target price on shares of Target from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Robert W. Baird set a $170.00 target price on shares of Target in a research note on Thursday, August 20th. Citigroup lifted their price target on shares of Target from $148.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Finally, Truist Financial boosted 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 assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $159.33.

Target Stock Performance

NYSE:TGT opened at $148.60 on Thursday. The company has a market cap of $67.51 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.83 and a beta of 0.98. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75. The stock’s 50 day simple moving average is $157.35 and its two-hundred day simple moving average is $133.34. 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 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 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 quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a yield of 3.1%. Target’s dividend payout ratio is presently 48.18%.

Insiders Place Their Bets

In other Target news, insider Melissa K. Kremer sold 15,500 shares of Target stock in a transaction on Monday, August 24th. The shares were 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction dated Friday, August 21st. The stock was 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 of the company’s stock, 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. 0.13% of the stock is owned by corporate insiders.

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.