6,343 Target Corporation $TGT Shares Purchased by ABLE Financial Group LLC

ABLE Financial Group LLC raised its position in shares of Target Corporation (NYSE:TGT) by 94.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,048 shares of the retailer’s stock after purchasing an additional 6,343 shares during the period. ABLE Financial Group LLC’s holdings in Target were worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new stake in shares of Target in the second quarter valued at approximately $26,000. Kimelman & Baird LLC bought a new position in Target in the 2nd quarter worth approximately $26,000. Archer Investment Corp bought a new position in Target in the 2nd quarter worth approximately $30,000. MidFirst Bank purchased a new position in Target in the 4th quarter valued at approximately $31,000. Finally, Capital Advisors Ltd. LLC grew its stake in Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after buying an additional 194 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on TGT. Sanford C. Bernstein restated a “market perform” rating and set a $154.00 target price on shares of Target in a research report on Thursday, August 20th. Evercore set a $165.00 price target on Target in a research report on Tuesday. Barclays boosted their price objective on Target from $115.00 to $140.00 and gave the company an “underweight” rating in a research note on Wednesday, August 19th. Wall Street Zen upgraded Target from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Finally, Wells Fargo & Company increased their price objective on Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a 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 given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $159.33.

Target Price Performance

Target stock traded up $1.22 during mid-day trading on Wednesday, hitting $153.21. 1,084,143 shares of the company traded hands, compared to its average volume of 5,135,316. 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 one year low of $83.44 and a one year high of $170.75. The stock has a market cap of $69.60 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. The stock has a fifty day moving average price of $157.33 and a 200-day moving average price of $139.27.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion for 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%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts predict that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Dividend Announcement

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 paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis 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%.

Insider Transactions at Target

In other news, CAO Matthew A. Liegel sold 926 shares of the company’s 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 directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the company’s stock in a transaction dated 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 owned 56,981 shares of the company’s stock, valued at $9,684,490.76. The trade was a 21.38% 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.

About Target

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.