17,187 Target Corporation $TGT Shares Sold by Rayburn West Financial Services LLC

Rayburn West Financial Services LLC cut its holdings in shares of Target Corporation (NYSE:TGT) by 57.8% during the third quarter, Holdings Channel reports. The fund owned 12,574 shares of the retailer’s stock after selling 17,187 shares during the period. Target makes up about 1.0% of Rayburn West Financial Services LLC’s portfolio, making the stock its 28th biggest position. Rayburn West Financial Services LLC’s holdings in Target were worth $1,970,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pension & Wealth Management Advisors Inc. bought a new position in Target in the 3rd quarter valued at $25,000. Richardson Financial Services Inc. acquired a new position in Target in the second quarter worth $26,000. Kimelman & Baird LLC bought a new stake in shares of Target during the second quarter worth $26,000. Putney Financial Group LLC bought a new stake in shares of Target during the third quarter worth $28,000. Finally, Archer Investment Corp bought a new stake in shares of Target during the second quarter worth $30,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TGT. JPMorgan Chase & Co. raised their target price on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. BMO Capital Markets upped their price target on shares of Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. Telsey Advisory Group increased their price objective on shares of Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. BNP Paribas Exane increased their price objective on shares of Target from $92.00 to $128.00 and gave the stock an “underperform” rating in a report on Thursday, August 20th. Finally, Guggenheim raised their price objective on shares of Target from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $161.50.

Insider Buying and Selling

In related news, CAO Matthew Liegel sold 926 shares of Target stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the transaction, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melissa Kremer sold 15,500 shares of Target stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.13% of the company’s stock.

Target Trading Up 0.1%

NYSE TGT opened at $158.16 on Friday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The stock has a 50-day simple moving average of $156.41 and a 200 day simple moving average of $135.02. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $71.85 billion, a PE ratio of 16.42, a P/E/G ratio of 2.93 and a beta of 0.94.

Target (NYSE:TGT) last issued its earnings results 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. The firm had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts forecast that Target Corporation will post 8.91 EPS for the current year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, November 10th. Target’s dividend payout ratio (DPR) is currently 48.18%.

Target Company Profile

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands.

The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States.

The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.