USA Financial Formulas Makes New $677,000 Investment in Target Corporation $TGT

USA Financial Formulas acquired a new position in shares of Target Corporation (NYSE:TGT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,320 shares of the retailer’s stock, valued at approximately $677,000.

Other institutional investors have also added to or reduced their stakes in the company. Aull & Monroe Investment Management Corp lifted its holdings in shares of Target by 5.2% in the third quarter. Aull & Monroe Investment Management Corp now owns 4,853 shares of the retailer’s stock valued at $760,000 after purchasing an additional 240 shares in the last quarter. Kintegral Advisory LLC boosted its position in shares of Target by 0.6% during the third quarter. Kintegral Advisory LLC now owns 16,233 shares of the retailer’s stock worth $2,544,000 after buying an additional 91 shares during the period. Intergy Private Wealth LLC acquired a new position in shares of Target during the third quarter worth about $240,000. Vontobel Holding Ltd. boosted its position in shares of Target by 60.6% during the third quarter. Vontobel Holding Ltd. now owns 38,712 shares of the retailer’s stock worth $6,066,000 after buying an additional 14,601 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Target by 598.3% during the third quarter. TD Waterhouse Canada Inc. now owns 12,255 shares of the retailer’s stock worth $1,919,000 after buying an additional 10,500 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Down 1.4%

Shares of TGT stock opened at $154.42 on Friday. The firm’s fifty day moving average price is $157.77 and its two-hundred day moving average price is $139.90. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. 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 $70.15 billion, a P/E ratio of 16.04, a PEG ratio of 2.86 and a beta of 0.98.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (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 company had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The business’s 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. On average, equities analysts predict that Target Corporation will post 9.02 EPS for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, November 10th. Target’s dividend payout ratio (DPR) is 48.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TGT shares. JPMorgan Chase & Co. lifted their target price on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Guggenheim boosted their target price on Target from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wolfe Research set a $169.00 price target on Target in a research report on Monday, August 3rd. Robert W. Baird set a $170.00 price target on Target in a research report on Thursday, August 20th. Finally, Barclays raised their price target on shares of Target from $115.00 to $140.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 19th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $159.33.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 926 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was 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 in the company, valued at $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Melissa K. Kremer sold 15,500 shares of the company’s 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 completion of the sale, the insider owned 56,981 shares in the company, 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. Company insiders own 0.13% of the company’s stock.

Target 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.