Target Corporation $TGT Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its stake in Target Corporation (NYSE:TGT) by 6.7% in the 4th quarter, Holdings Channel reports. The firm owned 422,804 shares of the retailer’s stock after selling 30,175 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Target were worth $41,329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Handelsbanken Fonder AB lifted its stake in shares of Target by 54.2% in the fourth quarter. Handelsbanken Fonder AB now owns 200,291 shares of the retailer’s stock valued at $19,578,000 after purchasing an additional 70,442 shares during the period. Csenge Advisory Group raised its position in Target by 34.0% during the fourth quarter. Csenge Advisory Group now owns 2,994 shares of the retailer’s stock worth $293,000 after acquiring an additional 760 shares during the last quarter. ProShare Advisors LLC raised its position in Target by 6.5% during the fourth quarter. ProShare Advisors LLC now owns 1,786,192 shares of the retailer’s stock worth $174,600,000 after acquiring an additional 109,112 shares during the last quarter. Auxano Advisors LLC raised its position in Target by 3.0% during the fourth quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after acquiring an additional 93 shares during the last quarter. Finally, Ironwood Investment Counsel LLC acquired a new position in Target during the fourth quarter worth about $341,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Freedom Capital cut shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial lifted their target price on shares of Target from $123.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday. Guggenheim restated a “buy” rating and set a $140.00 target price on shares of Target in a research report on Wednesday. BNP Paribas Exane lifted their target price on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Finally, BMO Capital Markets lifted their target price on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $124.11.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Target Stock Performance

Shares of NYSE TGT opened at $126.01 on Friday. The company has a market cap of $57.23 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 3.55 and a beta of 1.01. Target Corporation has a 12 month low of $83.44 and a 12 month high of $133.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.36. The company has a 50-day simple moving average of $122.36 and a 200-day simple moving average of $109.49.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts anticipate that Target Corporation will post 8.25 earnings per share for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. Target’s payout ratio is 56.09%.

Key Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: DA Davidson raised its price target on Target to $155 and reiterated a buy rating, signaling confidence in further upside after the earnings beat. DA Davidson raises Target price target
• Positive Sentiment: Telsey Advisory Group increased its target to $150 and kept an outperform rating, reflecting improving views on Target’s turnaround. Telsey Advisory Group raises Target price target
• Positive Sentiment: Target beat Q1 estimates with EPS of $1.71 versus expectations around $1.47 and revenue of $25.44 billion versus $24.66 billion expected, while sales rose 6.7% year over year and traffic increased 4.4%. Target beats Q1 earnings estimates
• Positive Sentiment: Management raised full-year guidance, including FY26 net sales growth of about 4% and EPS guidance of $7.50 to $8.50, reinforcing the view that the turnaround is gaining traction. Reuters on Target raising annual sales forecast

Target Company Profile

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.