Target Corporation $TGT Stock Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its position in shares of Target Corporation (NYSE:TGT) by 598.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,255 shares of the retailer’s stock after purchasing an additional 10,500 shares during the period. TD Waterhouse Canada Inc.’s holdings in Target were worth $1,919,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. boosted 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 worth $228,000 after purchasing an additional 68 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Target by 3.5% during the 3rd quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer’s stock valued at $341,000 after purchasing an additional 73 shares during the last quarter. Wynn Capital LLC increased its position in shares of Target by 0.9% during the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after purchasing an additional 79 shares during the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after buying an additional 80 shares in the last quarter. Finally, Prosperity Consulting Group LLC raised its holdings in shares of Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock valued at $300,000 after buying an additional 81 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TGT. Mizuho set a $150.00 target price on Target in a research note on Thursday, August 20th. Morgan Stanley reiterated an “overweight” rating on shares of Target in a research report on Thursday, August 20th. Royal Bank Of Canada lifted their price target on shares of Target from $166.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Truist Financial boosted their price objective on shares of Target from $147.00 to $167.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Finally, UBS Group upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $159.33.

Target Stock Down 1.0%

TGT opened at $152.40 on Thursday. The company has a market cap 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 business’s 50-day moving average price is $157.79 and its 200-day moving average price is $140.74. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75.

Target (NYSE:TGT) last issued its 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. Target had a return on equity of 23.23% and a net margin of 4.08%. The company had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period in the prior year, the business posted $2.05 EPS. Target’s quarterly revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts expect that Target Corporation will post 8.89 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 given a $1.16 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 annualized dividend and a yield of 3.0%. Target’s payout ratio is presently 48.18%.

Insider Buying and Selling

In related news, 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 transaction, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Melissa K. Kremer sold 15,500 shares of Target stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the transaction, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

About Target

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.