Target Corporation $TGT Shares Sold by Gradient Investments LLC

Gradient Investments LLC decreased its holdings in Target Corporation (NYSE:TGT) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 381,676 shares of the retailer’s stock after selling 44,524 shares during the quarter. Gradient Investments LLC’s holdings in Target were worth $49,851,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. WFA of San Diego LLC acquired a new stake in shares of Target during the second quarter worth $25,000. Jessup Wealth Management Inc purchased a new position in Target during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Target during the 4th quarter valued at $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Target in the fourth quarter valued at $30,000. Finally, MidFirst Bank acquired a new stake in shares of Target in the fourth quarter worth $31,000. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was 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 in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Target Trading Up 1.6%

Shares of TGT opened at $149.50 on Friday. The firm has a market capitalization of $67.90 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.88 and a beta of 0.97. 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 Corporation has a 12-month low of $83.44 and a 12-month high of $150.07. The stock’s 50-day moving average price is $135.01 and its 200 day moving average price is $124.54.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same period last year, the business earned $1.30 earnings per share. Target’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, research analysts predict that Target Corporation will post 8.32 earnings per share for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is currently 60.24%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TGT. Wells Fargo & Company lifted their target price on Target from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Robert W. Baird increased their target price on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Telsey Advisory Group increased their target price on shares of Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. KeyCorp reissued a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $136.89.

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.