Target Corporation $TGT Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its position in Target Corporation (NYSE:TGT) by 107.9% in the 3rd quarter, Holdings Channel reports. The fund owned 100,000 shares of the retailer’s stock after purchasing an additional 51,906 shares during the period. International Assets Investment Management LLC’s holdings in Target were worth $15,669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Prosperitas Financial LLC raised its position in shares of Target by 12.6% in the 3rd quarter. Prosperitas Financial LLC now owns 2,233 shares of the retailer’s stock worth $350,000 after buying an additional 250 shares during the period. Canopy Partners LLC boosted its holdings in Target by 1.3% in the 3rd quarter. Canopy Partners LLC now owns 6,485 shares of the retailer’s stock worth $1,016,000 after acquiring an additional 84 shares during the period. CHICAGO TRUST Co NA boosted its stake in shares of Target by 23.1% in the third quarter. CHICAGO TRUST Co NA now owns 4,410 shares of the retailer’s stock valued at $691,000 after purchasing an additional 828 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Target by 121.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 530,663 shares of the retailer’s stock valued at $83,150,000 after acquiring an additional 291,563 shares in the last quarter. Finally, Parcion Private Wealth LLC increased its holdings in Target by 5.4% during the 3rd quarter. Parcion Private Wealth LLC now owns 6,185 shares of the retailer’s stock worth $969,000 after purchasing an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.2%

Shares of NYSE TGT opened at $153.70 on Friday. The company has a market cap of $69.83 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 2.86 and a beta of 0.98. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The stock’s 50 day simple moving average is $157.12 and its 200 day simple moving average is $133.81.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The business had revenue of $26.54 billion during 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 for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities research analysts expect that Target Corporation will post 8.89 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders 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 is Tuesday, November 10th. Target’s dividend payout ratio (DPR) is presently 48.18%.

Analyst Ratings Changes

A number of analysts recently issued reports on TGT shares. Oppenheimer lifted their price target on shares of Target from $140.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their price objective on shares of Target from $166.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. 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. boosted their target price on shares of Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Target in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $159.33.

Insiders Place Their Bets

In other news, insider Melissa K. Kremer sold 15,500 shares of the company’s 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the sale, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. Company 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 platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.