Target Corporation $TGT Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its stake in shares of Target Corporation (NYSE:TGT) by 14.4% in the 2nd quarter, Holdings Channel reports. The fund owned 73,898 shares of the retailer’s stock after buying an additional 9,289 shares during the period. NEOS Investment Management LLC’s holdings in Target were worth $9,652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of TGT. E Fund Management Co. Ltd. grew its stake in shares of Target by 4.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after purchasing an additional 68 shares during the period. Wynn Capital LLC increased its holdings in shares of Target by 0.9% during the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after purchasing an additional 79 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in shares of Target by 16.0% in the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after purchasing an additional 80 shares during the period. Prosperity Consulting Group LLC boosted its holdings in Target by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after buying an additional 81 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Target by 3.4% during the second quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after buying an additional 82 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. Also, insider Melissa K. 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 sale, 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. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Mizuho set a $150.00 price objective on shares of Target in a report on Thursday, August 20th. Bank of America reissued an “underperform” rating and set a $124.00 target price (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. Citigroup raised their target price on Target from $148.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Piper Sandler lifted their price target on Target from $146.00 to $153.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Finally, Freedom Capital cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $159.52.

Target Stock Up 0.1%

Shares of NYSE TGT opened at $164.15 on Friday. The company’s 50-day simple moving average is $146.84 and its 200-day simple moving average is $131.57. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75. The firm has a market cap of $74.57 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 3.06 and a beta of 0.99. 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 (NYSE:TGT) last released its 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 business had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities analysts predict that Target Corporation will post 8.85 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. Target’s payout ratio is currently 48.18%.

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.