31,037 Target Corporation $TGT Shares Purchased by Trek Financial LLC

Trek Financial LLC boosted its position in Target Corporation (NYSE:TGT) by 1,574.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 33,008 shares of the retailer’s stock after purchasing an additional 31,037 shares during the period. Trek Financial LLC’s holdings in Target were worth $5,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new position in Target in the 3rd quarter worth approximately $25,000. Richardson Financial Services Inc. purchased a new stake in shares of Target in the 2nd quarter worth $26,000. Kimelman & Baird LLC purchased a new position in shares of Target in the 2nd quarter valued at $26,000. Archer Investment Corp acquired a new stake in shares of Target in the 2nd quarter worth $30,000. Finally, Valued Wealth Advisors LLC grew its stake in Target by 134.9% during the 1st quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock valued at $36,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 926 shares of the business’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 sale, the chief accounting officer 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Melissa K. Kremer sold 15,500 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TGT shares. Mizuho set a $150.00 price target on shares of Target in a research note on Thursday, August 20th. Wolfe Research set a $169.00 target price on shares of Target in a research note on Monday, August 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Target in a research report on Friday, September 25th. Evercore set a $165.00 price target on shares of Target in a report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $159.33.

Target Stock Performance

Shares of TGT stock opened at $153.70 on Monday. The company’s 50-day simple moving average is $157.12 and its 200-day simple moving average is $133.81. Target Corporation has a one year low of $83.44 and a one year high of $170.75. The stock has a market capitalization of $69.83 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 2.86 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 (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 for 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%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities analysts anticipate that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. Target’s dividend payout ratio (DPR) is currently 48.18%.

About Target

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.