Target Corporation $TGT Shares Bought by Virtue Capital Management LLC

Virtue Capital Management LLC lifted its holdings in shares of Target Corporation (NYSE:TGT) by 187.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,033 shares of the retailer’s stock after acquiring an additional 9,800 shares during the quarter. Virtue Capital Management LLC’s holdings in Target were worth $2,356,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Target during the 2nd quarter valued at $5,054,604,000. Bank of New York Mellon Corp purchased a new position in shares of Target in the 2nd quarter worth about $831,466,000. Dimensional Fund Advisors LP grew its position in Target by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after buying an additional 411,608 shares during the period. Bank of America Corp DE grew its position in Target by 1.8% during the second quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock valued at $597,656,000 after buying an additional 82,268 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Target by 12.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock worth $589,642,000 after buying an additional 514,155 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $154.00 price objective on shares of Target in a research report on Thursday, August 20th. Citigroup increased their target price on shares of Target from $148.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Guggenheim lifted their price target on shares of Target from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Piper Sandler lifted their price target on shares of Target from $146.00 to $153.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Finally, DA Davidson upped their price objective on Target from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus price target of $159.33.

Target Price Performance

TGT opened at $153.70 on Monday. The company 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 quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $157.12 and a 200-day moving average price of $133.81. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities analysts expect that Target Corporation will post 8.89 EPS 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. 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 payout ratio is presently 48.18%.

Insiders Place Their Bets

In other news, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 56,981 shares of the company’s stock, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction 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 owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.

Target Profile

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.