Target Corporation $TGT Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its holdings in Target Corporation (NYSE:TGT) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 244,069 shares of the retailer’s stock after buying an additional 13,757 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Target worth $38,243,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. boosted its position in shares of Target by 28.5% in the third quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer’s stock valued at $46,000 after acquiring an additional 65 shares during the period. Joseph Group Capital Management grew its stake in shares of Target by 30.7% in the third quarter. Joseph Group Capital Management now owns 277 shares of the retailer’s stock worth $43,000 after acquiring an additional 65 shares during the last quarter. E Fund Management Co. Ltd. increased its position in Target by 4.1% during the second quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after acquiring an additional 68 shares during the period. Avior Wealth Management LLC increased its position in Target by 3.5% during the third quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer’s stock worth $341,000 after acquiring an additional 73 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC increased its position in Target by 2.1% during the third quarter. Allegiance Financial Group Advisory Services LLC now owns 3,744 shares of the retailer’s stock worth $587,000 after acquiring an additional 76 shares during the period. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Shares of NYSE TGT opened at $161.82 on Wednesday. The business has a fifty day simple moving average of $156.48 and a 200 day simple moving average of $135.60. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $73.51 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 3.07 and a beta of 0.94. Target Corporation has a one year low of $83.44 and a one year high of $170.75.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping 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 firm had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the business earned $2.05 earnings per share. 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. Sell-side analysts expect that Target Corporation will post 8.91 EPS for the current year.

Target Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on TGT shares. Argus increased their price target on shares of Target from $150.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 21st. UBS Group raised their price target on shares of Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. The Goldman Sachs Group restated a “neutral” rating and set a $161.00 price objective (up from $127.00) on shares of Target in a report on Friday, September 25th. Oppenheimer raised shares of Target from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $190.00 in a research report on Wednesday, September 30th. Finally, Guggenheim increased their target price on shares of Target from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $161.70.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 926 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the sale, the chief accounting officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Melissa K. Kremer sold 15,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at $9,684,490.76. This trade represents a 21.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by company insiders.

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.