Marathon Trading Investment Management LLC Has $887,000 Stock Position in Target Corporation $TGT

Marathon Trading Investment Management LLC lowered its stake in Target Corporation (NYSE:TGT) by 79.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,076 shares of the retailer’s stock after selling 36,073 shares during the quarter. Marathon Trading Investment Management LLC’s holdings in Target were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Valtinson Bruner Financial Planning LLC boosted its holdings in shares of Target by 2.6% in the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after buying an additional 92 shares during the period. Auxano Advisors LLC raised its holdings in shares of Target by 3.0% during the fourth quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock valued at $312,000 after acquiring an additional 93 shares during the period. Neumann Capital Management LLC raised its holdings in shares of Target by 0.8% during the fourth quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock valued at $1,298,000 after acquiring an additional 100 shares during the period. Ausdal Financial Partners Inc. lifted its position in shares of Target by 1.1% in the 4th quarter. Ausdal Financial Partners Inc. now owns 9,209 shares of the retailer’s stock valued at $900,000 after acquiring an additional 102 shares in the last quarter. Finally, Binnacle Investments Inc boosted its stake in Target by 11.4% in the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after purchasing an additional 104 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The stock was 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider directly 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 SEC filing for this sale provides additional information. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on TGT. Morgan Stanley lifted their price objective on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. raised their target price on Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Evercore set a $130.00 price target on Target in a report on Monday, May 18th. The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a research report on Thursday. Finally, Mizuho set a $120.00 price objective on Target in a research note on Thursday, March 5th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Target currently has an average rating of “Hold” and an average price target of $126.11.

Target Stock Up 0.0%

TGT stock opened at $135.29 on Monday. The company has a 50 day moving average of $125.42 and a two-hundred day moving average of $113.70. The company has a market cap of $61.45 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 2.64 and a beta of 1.00. Target Corporation has a 12-month low of $83.44 and a 12-month high of $136.14. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. During the same period in the prior year, the business posted $1.30 earnings per share. Target’s revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts anticipate that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.4%. Target’s dividend payout ratio (DPR) is 60.24%.

Target 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.