Target Corporation $TGT Stock Purchased by Lido Advisors LLC

Lido Advisors LLC raised its position in Target Corporation (NYSE:TGT) by 10.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 105,665 shares of the retailer’s stock after acquiring an additional 10,253 shares during the period. Lido Advisors LLC’s holdings in Target were worth $16,557,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of TGT. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Target during the third quarter worth approximately $25,000. Putney Financial Group LLC bought a new position in shares of Target in the 3rd quarter worth $28,000. Kimelman & Baird LLC acquired a new stake in Target in the 2nd quarter valued at $26,000. Richardson Financial Services Inc. acquired a new stake in Target in the 2nd quarter valued at $26,000. Finally, Quest 10 Wealth Builders Inc. acquired a new stake in Target in the 3rd quarter valued at $31,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TGT. Robert W. Baird set a $170.00 price target on shares of Target in a research note on Thursday, August 20th. Wolfe Research set a $169.00 price objective on shares of Target in a research note on Monday, August 3rd. Mizuho set a $150.00 price objective on shares of Target and gave the company a “neutral” rating in a report on Thursday, August 20th. UBS Group boosted their target price on shares of Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $161.00 target price (up from $127.00) on shares of Target in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Target has an average rating of “Hold” and a consensus price target of $161.70.

Insider Activity at Target

In other news, insider Melissa Kremer sold 15,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 56,981 shares in the company, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew Liegel sold 926 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were 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 of the company’s stock, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by company insiders.

Target Stock Up 0.6%

TGT stock opened at $162.83 on Thursday. The firm has a market capitalization of $73.97 billion, a PE ratio of 16.91, a P/E/G ratio of 2.88 and a beta of 0.94. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The stock’s 50 day moving average is $156.46 and its 200-day moving average is $135.87.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. Target’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts expect that Target Corporation will post 8.91 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. Target’s dividend payout ratio (DPR) is currently 48.18%.

Target 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.