Target Corporation $TGT Stake Lifted by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. boosted its holdings in Target Corporation (NYSE:TGT) by 102.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,644 shares of the retailer’s stock after purchasing an additional 23,564 shares during the period. Target comprises 0.9% of Triasima Portfolio Management inc.’s portfolio, making the stock its 28th largest position. Triasima Portfolio Management inc.’s holdings in Target were worth $7,309,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its position in shares of Target by 355.7% during the third quarter. Assenagon Asset Management S.A. now owns 311,646 shares of the retailer’s stock worth $48,832,000 after buying an additional 243,252 shares in the last quarter. Mystic Asset Management Inc. increased its stake in shares of Target by 8.1% in the third quarter. Mystic Asset Management Inc. now owns 7,309 shares of the retailer’s stock worth $1,145,000 after buying an additional 546 shares during the last quarter. Ninety One UK Ltd acquired a new stake in Target in the third quarter valued at $576,000. WealthPlan Investment Management LLC acquired a new stake in Target in the third quarter valued at $277,000. Finally, B.A. Schrock Wealth Management Inc. acquired a new stake in Target in the third quarter valued at $6,704,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

Shares of NYSE TGT opened at $156.66 on Friday. 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 company has a market capitalization of $71.17 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.88 and a beta of 0.98. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The business has a 50 day simple moving average of $157.67 and a 200-day simple moving average of $139.80.

Target (NYSE:TGT) last announced its quarterly earnings data 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. 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 last year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities research analysts expect that Target Corporation will post 8.89 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. Target’s dividend payout ratio is 48.18%.

Insiders Place Their Bets

In other news, insider Melissa Kremer sold 15,500 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew Liegel sold 926 shares of the firm’s 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 transaction, the chief accounting officer owned 12,266 shares in the company, valued at approximately $2,005,613.66. The trade was a 7.02% 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 corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on TGT shares. Mizuho set a $150.00 price objective on shares of Target in a research note on Thursday, August 20th. Wall Street Zen raised shares of Target from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Morgan Stanley reissued an “overweight” rating on shares of Target in a research report on Thursday, August 20th. UBS Group upped their target price on shares of Target from $166.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings raised shares of Target from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Target has an average rating of “Hold” and a consensus target price of $159.33.

About Target

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping channels under the Target brand. The company sells a broad assortment of products, including apparel and accessories, beauty and personal care items, home furnishings, electronics, groceries, toys, seasonal merchandise and everyday essentials.

Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.