Target Corporation $TGT Stock Holdings Increased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. increased its stake in Target Corporation (NYSE:TGT) by 102.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 46,644 shares of the retailer’s stock after acquiring an additional 23,564 shares during the period. Target comprises 0.9% of Triasima Portfolio Management inc.’s holdings, making the stock its 28th largest position. Triasima Portfolio Management inc.’s holdings in Target were worth $7,309,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Target in a report on Thursday, August 20th. Bank of America restated an “underperform” rating and set a $124.00 price target (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. Telsey Advisory Group increased their price objective on shares of Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Piper Sandler lifted their price objective on shares of Target from $146.00 to $153.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Finally, Oppenheimer lifted their price objective on shares of Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and an average target price of $159.33.

Target Stock Performance

Shares of NYSE TGT opened at $156.66 on Friday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. The company has a market cap of $71.17 billion, a PE ratio of 16.27, a P/E/G ratio of 2.88 and a beta of 0.98. The stock has a 50 day simple moving average of $157.67 and a 200-day simple moving average of $139.80. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT) last posted its 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 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 analysts’ expectations of $26.13 billion. During the same period last year, the firm earned $2.05 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities research analysts forecast that Target Corporation will post 8.89 EPS for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, November 10th. Target’s payout ratio is 48.18%.

Insider Buying and Selling at Target

In related news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction dated 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. 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 dated 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 sale, the insider 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 SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

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.