Collaborative Fund Advisors LLC Acquires New Stake in Target Corporation $TGT

Collaborative Fund Advisors LLC purchased a new position in shares of Target Corporation (NYSE:TGT) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 3,378 shares of the retailer’s stock, valued at approximately $529,000.

Several other institutional investors also recently bought and sold shares of the company. Pension & Wealth Management Advisors Inc. acquired a new stake in Target in the third quarter valued at $25,000. Richardson Financial Services Inc. acquired a new stake in shares of Target during the 2nd quarter worth about $26,000. Kimelman & Baird LLC purchased a new stake in Target in the 2nd quarter worth approximately $26,000. Putney Financial Group LLC purchased a new stake in Target in the 3rd quarter valued at about $28,000. Finally, Archer Investment Corp purchased a new stake in Target in the second quarter valued at approximately $30,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Price Performance

NYSE TGT opened at $163.26 on Thursday. The stock’s 50-day moving average is $156.68 and its two-hundred day moving average is $134.54. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75. 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 $74.17 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94.

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

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be paid 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 payout ratio is currently 48.18%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a research report on Thursday, August 20th. Roth Capital reissued a “neutral” rating and set a $142.00 price target (up from $114.00) on shares of Target in a research report on Thursday, August 20th. Weiss Ratings upgraded Target from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $161.00 price target (up from $127.00) on shares of Target in a report on Friday, September 25th. Finally, BMO Capital Markets boosted their price objective on Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $161.50.

Insider Buying and Selling at Target

In related news, insider Melissa Kremer sold 15,500 shares of the stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew Liegel sold 926 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the transaction, the chief accounting officer 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 SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by corporate insiders.

About Target

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.