Cara Sylvester Sells 10,000 Shares of Target (NYSE:TGT) Stock

Target Corporation (NYSE:TGT) insider Cara Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Target Price Performance

Shares of NYSE:TGT opened at $123.13 on Wednesday. The company’s fifty day moving average price is $123.74 and its 200 day moving average price is $111.24. 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 0.30. The firm has a market capitalization of $55.92 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.42 and a beta of 1.00.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The company 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%. Target’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts predict that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were given a $1.14 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.7%. Target’s dividend payout ratio is 60.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TGT. First Nebraska Trust Co purchased a new stake in shares of Target during the first quarter worth approximately $435,000. Flagship Wealth Advisors LLC grew its position in Target by 527.5% in the 1st quarter. Flagship Wealth Advisors LLC now owns 753 shares of the retailer’s stock valued at $91,000 after buying an additional 633 shares during the last quarter. Financial Solutions Advisory Group Inc. acquired a new position in Target in the 1st quarter valued at $202,000. Asset Dedication LLC raised its position in Target by 248.5% during the 1st quarter. Asset Dedication LLC now owns 5,206 shares of the retailer’s stock worth $631,000 after buying an additional 3,712 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of Target by 10.1% in the 1st quarter. Glenmede Trust Co. NA now owns 86,124 shares of the retailer’s stock worth $10,438,000 after acquiring an additional 7,899 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TGT shares. Evercore set a $130.00 price target on Target in a research report on Monday, May 18th. BMO Capital Markets raised 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. Piper Sandler lifted their target price on shares of Target from $121.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $124.00 price target on shares of Target in a research report on Thursday, May 21st. Finally, UBS Group increased their price target on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $125.93.

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.