4,575 Target Corporation $TGT Shares Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC boosted its holdings in Target Corporation (NYSE:TGT) by 1,296.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,928 shares of the retailer’s stock after purchasing an additional 4,575 shares during the period. Provenance Wealth Advisors LLC’s holdings in Target were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Washington Trust Advisors Inc. lifted its position in Target by 28.5% during the 3rd quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer’s stock worth $46,000 after buying an additional 65 shares in the last quarter. E Fund Management Co. Ltd. grew its holdings in shares of Target by 4.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock valued at $228,000 after acquiring an additional 68 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Target by 3.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer’s stock valued at $341,000 after acquiring an additional 73 shares in the last quarter. Wynn Capital LLC grew its holdings in shares of Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after acquiring an additional 79 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of Target by 0.5% in the third quarter. Pinnacle Associates Ltd. now owns 16,069 shares of the retailer’s stock valued at $2,518,000 after acquiring an additional 79 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TGT has been the topic of several analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Target in a report on Thursday, August 20th. Wolfe Research set a $169.00 price target on Target in a research note on Monday, August 3rd. BMO Capital Markets raised their price target on Target from $150.00 to $160.00 and gave the company a “market perform” rating in a research note on Thursday, August 20th. Wall Street Zen raised Target from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Finally, Bank of America reiterated an “underperform” rating and set a $124.00 price objective (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen 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 a consensus target price of $161.50.

Target Stock Performance

Shares of NYSE TGT opened at $163.26 on Thursday. 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 $74.17 billion, a P/E ratio of 16.95, a P/E/G ratio of 2.86 and a beta of 0.94. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The stock has a 50 day moving average of $156.68 and a 200-day moving average of $134.54.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%. The business had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the prior year, the business earned $2.05 EPS. 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 predict that Target Corporation will post 8.91 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, November 10th. Target’s payout ratio is currently 48.18%.

Insider Buying and Selling at Target

In other news, insider Melissa Kremer sold 15,500 shares of the 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 of the company’s stock, valued at $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the chief accounting officer owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by insiders.

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.