Target Corporation $TGT Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its holdings in Target Corporation (NYSE:TGT) by 291.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,930 shares of the retailer’s stock after purchasing an additional 13,349 shares during the quarter. Machina Capital S.A.S.’s holdings in Target were worth $2,809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Davis Investment Partners LLC increased its position in Target by 8.3% during the 3rd quarter. Davis Investment Partners LLC now owns 8,320 shares of the retailer’s stock valued at $1,304,000 after buying an additional 638 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in Target by 6.0% during the third quarter. Illinois Municipal Retirement Fund now owns 244,069 shares of the retailer’s stock valued at $38,243,000 after buying an additional 13,757 shares during the last quarter. Bahl & Gaynor LLC purchased a new position in Target during the third quarter valued at $232,000. AMG National Trust Bank raised its stake in Target by 2.1% during the third quarter. AMG National Trust Bank now owns 10,830 shares of the retailer’s stock valued at $1,697,000 after buying an additional 225 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in Target by 10.7% in the third quarter. Lido Advisors LLC now owns 105,665 shares of the retailer’s stock worth $16,557,000 after acquiring an additional 10,253 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other news, insider Melissa Kremer sold 15,500 shares of the company’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew Liegel sold 926 shares of the 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 sale, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by insiders.

Target Price Performance

Shares of TGT opened at $162.83 on Thursday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75. The company has a market capitalization of $73.97 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94. The firm has a 50 day moving average of $156.46 and a 200 day moving average of $135.87. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities research analysts anticipate that Target Corporation will post 8.91 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. Target’s dividend payout ratio (DPR) is presently 48.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TGT shares. Robert W. Baird set a $170.00 target price on Target in a research note on Thursday, August 20th. JPMorgan Chase & Co. raised their price target on Target from $157.00 to $163.00 and gave the company a “neutral” rating in a report on Monday. Mizuho set a $150.00 price target on Target and gave the stock a “neutral” rating in a research report on Thursday, August 20th. BNP Paribas Exane upped their price target on shares of Target from $92.00 to $128.00 and gave the stock an “underperform” rating in a research note on Thursday, August 20th. Finally, Evercore set a $165.00 price target on shares of Target in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $161.70.

Target Company 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.