M Holdings Securities Inc. Purchases New Shares in Target Corporation $TGT

M Holdings Securities Inc. acquired a new position in shares of Target Corporation (NYSE:TGT) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 7,347 shares of the retailer’s stock, valued at approximately $1,153,000.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. purchased a new stake in Target in the 2nd quarter valued at approximately $5,054,604,000. Bank of New York Mellon Corp acquired a new stake in Target during the 2nd quarter valued at $831,466,000. Jupiter Topco LLC acquired a new stake in Target during the 2nd quarter valued at $320,006,000. Deutsche Bank AG acquired a new stake in Target during the 2nd quarter valued at $224,238,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Target during the second quarter worth $150,784,000. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Target from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Robert W. Baird set a $170.00 price objective on Target in a research note on Thursday, August 20th. Weiss Ratings upgraded Target from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Argus lifted their price objective on Target from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Finally, Piper Sandler boosted their target price on shares of Target from $146.00 to $153.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $161.70.

Insider Activity

In other Target news, 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 sale, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. The trade was a 7.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $2,634,380.00. Following the completion of the sale, the insider 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 SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

Target Stock Up 4.7%

TGT stock opened at $165.91 on Tuesday. The stock has a market capitalization of $75.37 billion, a P/E ratio of 17.23, a PEG ratio of 3.02 and a beta of 0.94. 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 company has a 50 day moving average price of $156.46 and a two-hundred day moving average price of $135.32.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the prior year, the company posted $2.05 EPS. 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. As a group, sell-side analysts expect that Target Corporation will post 8.91 EPS for the current year.

Target Announces Dividend

The firm 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 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, November 10th. Target’s dividend payout ratio is presently 48.18%.

Target Company Profile

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands.

The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States.

The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.