Target Corporation (TGT) to Distribute Quarterly Dividend of $1.16 on December 1st

Target Corporation (NYSE:TGT) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.16 per share by the retailer on Tuesday, December 1st. This represents a $4.64 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 10th.

Target has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 54 years. Target has a dividend payout ratio of 56.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Target to earn $9.47 per share next year, which means the company should continue to be able to cover its $4.64 annual dividend with an expected future payout ratio of 49.0%.

Target Price Performance

Shares of NYSE:TGT opened at $158.16 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. Target has a 52 week low of $83.44 and a 52 week high of $170.75. The firm has a market cap of $71.85 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. The firm’s fifty day moving average is $156.41 and its 200-day moving average is $135.02.

Target (NYSE:TGT) last posted its quarterly earnings data 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. The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. Target’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts predict that Target will post 8.91 earnings per share for the current year.

Insider Transactions at Target

In other news, CAO Matthew Liegel sold 926 shares of Target stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Melissa Kremer sold 15,500 shares of the business’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 completion of the transaction, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This represents a 21.38% 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.

Hedge Funds Weigh In On Target

Several institutional investors have recently added to or reduced their stakes in TGT. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Target in the 3rd quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in Target in the third quarter worth $28,000. Kimelman & Baird LLC acquired a new stake in Target in the second quarter worth $26,000. Richardson Financial Services Inc. acquired a new stake in Target in the second quarter worth $26,000. Finally, Quest 10 Wealth Builders Inc. bought a new stake in Target in the third quarter valued at $31,000. 79.73% of the stock is owned by institutional investors and hedge funds.

About Target

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.