Target Corporation $TGT Position Raised by Lido Advisors LLC

Lido Advisors LLC raised its stake in Target Corporation (NYSE:TGT) by 10.7% during the third quarter, Holdings Channel reports. The fund owned 105,665 shares of the retailer’s stock after buying 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 Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TGT. Elevated Capital Advisors LLC purchased a new stake in Target during the third quarter valued at about $36,000. Triton Wealth Management PLLC increased its stake in shares of Target by 5.8% in the third quarter. Triton Wealth Management PLLC now owns 2,059 shares of the retailer’s stock worth $317,000 after purchasing an additional 113 shares in the last quarter. Csenge Advisory Group increased its stake in shares of Target by 30.6% in the third quarter. Csenge Advisory Group now owns 3,825 shares of the retailer’s stock worth $599,000 after purchasing an additional 896 shares in the last quarter. DMKC Advisory Services LLC raised its position in shares of Target by 1.6% in the third quarter. DMKC Advisory Services LLC now owns 28,113 shares of the retailer’s stock valued at $4,405,000 after purchasing an additional 439 shares during the period. Finally, 71 West Capital Partners raised its position in shares of Target by 11.2% in the third quarter. 71 West Capital Partners now owns 3,574 shares of the retailer’s stock valued at $560,000 after purchasing an additional 360 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.6%

TGT stock opened at $162.83 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $73.97 billion, a PE ratio of 16.91, a PEG ratio of 2.88 and a beta of 0.94. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The stock has a 50-day simple moving average of $156.46 and a two-hundred day simple moving average of $135.87.

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

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be paid 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 yield of 2.8%. Target’s payout ratio is currently 48.18%.

Insider Activity at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of the 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 sale, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. This represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction on 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 directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. The trade was 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 currently owned by insiders.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent research reports. Argus upped their price target on shares of Target from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Citigroup lifted their price objective on shares of Target from $148.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. 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 report on Thursday, August 20th. KeyCorp reissued a “sector weight” rating on shares of Target in a report on Thursday, August 20th. Finally, Truist Financial increased their target price on Target from $147.00 to $167.00 and gave the stock a “hold” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and a consensus price target of $161.70.

About Target

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.