Vise Technologies Inc. Purchases New Stake in Target Corporation $TGT

Vise Technologies Inc. bought a new position in Target Corporation (NYSE:TGT) during the third quarter, Holdings Channel reports. The fund bought 37,333 shares of the retailer’s stock, valued at approximately $5,850,000.

A number of other large investors have also made changes to their positions in TGT. Intrua Financial LLC acquired a new position in Target during the third quarter valued at $210,000. Moss Adams Wealth Advisors LLC bought a new position in Target during the third quarter valued at approximately $322,000. MGO One Seven LLC raised its holdings in shares of Target by 1.6% during the 3rd quarter. MGO One Seven LLC now owns 12,141 shares of the retailer’s stock valued at $1,894,000 after purchasing an additional 197 shares in the last quarter. Sagace Wealth Management LLC bought a new position in Target during the third quarter valued at about $345,000. Finally, Americana Partners LLC raised its stake in shares of Target by 4.9% in the 3rd quarter. Americana Partners LLC now owns 38,903 shares of the retailer’s stock valued at $6,096,000 after acquiring an additional 1,834 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Target from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Roth Capital reaffirmed a “neutral” rating and issued a $142.00 target price on shares of Target in a research report on Thursday, August 20th. Piper Sandler raised their price target on shares of Target from $146.00 to $153.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Mizuho set a $150.00 price objective on Target in a report on Thursday, August 20th. Finally, Jefferies Financial Group boosted their target price on Target from $161.00 to $177.00 and gave the stock a “buy” rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $159.33.

Insider Buying and Selling at Target

In related news, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the 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 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. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by insiders.

Target Stock Up 2.9%

Shares of NYSE TGT opened at $158.89 on Tuesday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75. The firm has a market capitalization of $72.18 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.76 and a beta of 0.98. 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’s 50-day moving average is $156.99 and its 200-day moving average is $134.06.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The business’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. Equities analysts expect that Target Corporation will post 8.89 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be paid 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 2.9%. Target’s dividend payout ratio (DPR) is presently 48.18%.

Target Company 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.