Neumann Capital Management LLC Purchases 15,680 Shares of Target Corporation $TGT

Neumann Capital Management LLC purchased a new position in Target Corporation (NYSE:TGT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,680 shares of the retailer’s stock, valued at approximately $2,457,000.

Other large investors also recently modified their holdings of the company. E Fund Management Co. Ltd. increased its position in Target by 4.1% during the second quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock valued at $228,000 after acquiring an additional 68 shares during the last quarter. Avior Wealth Management LLC boosted its position in Target by 3.5% in the third 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 last quarter. Wynn Capital LLC boosted its position in Target by 0.9% in the second 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 last quarter. Whipplewood Advisors LLC boosted its position in Target by 16.0% in the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after purchasing an additional 80 shares during the last quarter. Finally, Prosperity Consulting Group LLC boosted its position in Target by 3.4% in the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TGT shares. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a research note on Friday, September 25th. Wall Street Zen upgraded shares of Target from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Citigroup raised their price objective on shares of Target from $148.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Mizuho set a $150.00 target price on shares of Target in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $159.33.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of Target 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 transaction, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Melissa K. Kremer sold 15,500 shares of Target 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 $9,684,490.76. This represents a 21.38% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $156.66 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The stock has a 50-day simple moving average of $157.67 and a two-hundred day simple moving average of $139.80. The firm has a market capitalization of $71.17 billion, a PE ratio of 16.27, a P/E/G ratio of 2.88 and a beta of 0.98. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75.

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

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. Target’s dividend payout ratio is currently 48.18%.

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.