Target Corporation $TGT Shares Sold by DSG Capital Advisors LLC

DSG Capital Advisors LLC lessened its holdings in Target Corporation (NYSE:TGT) by 24.0% during the third quarter, Holdings Channel reports. The fund owned 64,162 shares of the retailer’s stock after selling 20,241 shares during the period. Target makes up 1.4% of DSG Capital Advisors LLC’s holdings, making the stock its 21st largest holding. DSG Capital Advisors LLC’s holdings in Target were worth $10,054,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TGT. Pension & Wealth Management Advisors Inc. bought a new position in Target during the third quarter worth $25,000. Richardson Financial Services Inc. bought a new position in shares of Target in the second quarter valued at about $26,000. Kimelman & Baird LLC bought a new position in shares of Target in the second quarter valued at about $26,000. Putney Financial Group LLC bought a new position in shares of Target in the third quarter valued at about $28,000. Finally, Archer Investment Corp acquired a new stake in shares of Target during the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $161.82 on Wednesday. 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 firm has a market cap of $73.51 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 3.07 and a beta of 0.94. The stock’s fifty day moving average price is $156.48 and its two-hundred day moving average price is $135.60. Target Corporation has a one year low of $83.44 and a one year high of $170.75.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. The company 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%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts forecast that Target Corporation will post 8.91 EPS for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 10th. Target’s dividend payout ratio (DPR) is currently 48.18%.

Insider Transactions at Target

In related news, insider Melissa Kremer sold 15,500 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $151,410.26. Following the completion of the sale, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This trade represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on TGT shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $154.00 target price (up from $135.00) on shares of Target in a report on Thursday, August 20th. Robert W. Baird set a $170.00 price target on shares of Target in a research note on Thursday, August 20th. Evercore set a $165.00 price target on shares of Target in a report on Tuesday, October 13th. Wolfe Research set a $169.00 price objective on shares of Target in a research report on Monday, August 3rd. Finally, Citigroup raised their price objective on shares of Target from $148.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $161.70.

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.