9,000 Shares of Target Corporation $TGT Purchased by Guardian Partners Inc.

Guardian Partners Inc. acquired a new stake in shares of Target Corporation (NYSE:TGT) during the third quarter, Holdings Channel reports. The fund acquired 9,000 shares of the retailer’s stock, valued at approximately $1,410,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TGT. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Target in the 3rd quarter valued at about $25,000. Richardson Financial Services Inc. purchased a new stake in Target during the 2nd quarter valued at about $26,000. Kimelman & Baird LLC purchased a new stake in Target during the 2nd quarter valued at about $26,000. Archer Investment Corp bought a new position in Target during the 2nd quarter worth approximately $30,000. Finally, MidFirst Bank bought a new position in shares of Target in the fourth quarter worth approximately $31,000. 79.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Target

In other news, insider Melissa K. Kremer sold 15,500 shares of the company’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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of the company’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 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 ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Telsey Advisory Group raised their target price on Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $154.00 price objective on shares of Target in a report on Thursday, August 20th. Guggenheim upped their price objective on shares of Target from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Wolfe Research set a $169.00 target price on shares of Target in a research report on Monday, August 3rd. Finally, Mizuho set a $150.00 target price on shares of Target in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $159.33.

Target Stock Down 1.0%

Shares of NYSE:TGT opened at $152.40 on Thursday. The firm has a market capitalization of $69.23 billion, a P/E ratio of 15.83, a P/E/G ratio of 2.85 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. The stock has a 50 day moving average price of $157.79 and a 200-day moving average price of $140.74. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75.

Target (NYSE:TGT) last released 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. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities research analysts anticipate that Target Corporation will post 8.89 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. Shareholders of record on Wednesday, November 11th will be given 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 3.0%. Target’s dividend payout ratio (DPR) is currently 48.18%.

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.