Target Corporation $TGT Stock Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lifted its stake in Target Corporation (NYSE:TGT) by 102.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,782 shares of the retailer’s stock after buying an additional 17,060 shares during the period. Signal Advisors Wealth LLC’s holdings in Target were worth $5,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Target in the 2nd quarter valued at $5,054,604,000. Bank of New York Mellon Corp acquired a new position in Target during the second quarter worth $831,466,000. Dimensional Fund Advisors LP raised its stake in Target by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock worth $656,091,000 after acquiring an additional 411,608 shares in the last quarter. Bank of America Corp DE raised its stake in Target by 1.8% during the second quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock worth $597,656,000 after acquiring an additional 82,268 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Target by 12.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock valued at $589,642,000 after acquiring an additional 514,155 shares during the period. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In other news, insider Melissa K. Kremer sold 15,500 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew A. Liegel sold 926 shares of the 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 sale, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Target Trading Down 1.2%

Shares of TGT opened at $151.81 on Wednesday. The stock has a fifty day moving average price of $157.33 and a two-hundred day moving average price of $139.27. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75. The company has a market cap of $68.97 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.85 and a beta of 0.98.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Analysts predict that Target Corporation will post 8.89 EPS for the current fiscal year.

Target Dividend Announcement

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

Wall Street Analyst Weigh In

TGT has been the topic of several recent analyst reports. Oppenheimer boosted their target price on shares of Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $154.00 target price on shares of Target in a report on Thursday, August 20th. Bank of America reiterated 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. Morgan Stanley reissued an “overweight” rating on shares of Target in a report on Thursday, August 20th. Finally, Robert W. Baird set a $170.00 price target on shares of Target in a research report on Thursday, August 20th. Twelve investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $159.33.

Target Company Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping channels under the Target brand. The company sells a broad assortment of products, including apparel and accessories, beauty and personal care items, home furnishings, electronics, groceries, toys, seasonal merchandise and everyday essentials.

Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.