Target Corporation $TGT Shares Newly Purchased by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC purchased a new position in Target Corporation (NYSE:TGT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,880 shares of the retailer’s stock, valued at approximately $765,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TGT. Pension & Wealth Management Advisors Inc. bought a new position in shares of Target during the 3rd quarter valued at about $25,000. Richardson Financial Services Inc. acquired a new position in shares of Target in the 2nd quarter worth approximately $26,000. Kimelman & Baird LLC bought a new stake in shares of Target in the 2nd quarter worth approximately $26,000. Putney Financial Group LLC bought a new stake in shares of Target in the 3rd quarter worth approximately $28,000. Finally, Archer Investment Corp bought a new stake in shares of Target in the 2nd quarter worth approximately $30,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Target from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Zacks Research upgraded shares of Target from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Robert W. Baird set a $170.00 price target on Target in a report on Thursday, August 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $154.00 price objective (up from $135.00) on shares of Target in a research report on Thursday, August 20th. Finally, DA Davidson increased their price objective on Target from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. One 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 given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $161.70.

Insiders Place Their Bets

In other news, insider Melissa 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 sale, the insider 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew Liegel sold 926 shares of the firm’s stock in a transaction on 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 directly 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 position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by corporate insiders.

Target Stock Performance

Target stock opened at $161.82 on Wednesday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75. The firm’s 50 day simple moving average is $156.48 and its 200-day simple moving average is $135.60. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The company has a market cap of $73.51 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 3.07 and a beta of 0.94.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The firm’s quarterly revenue 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be issued a $1.16 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.9%. Target’s dividend payout ratio is presently 48.18%.

Target Profile

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.