Target Corporation $TGT Shares Sold by Peloton Wealth Strategists

Peloton Wealth Strategists reduced its holdings in Target Corporation (NYSE:TGT) by 14.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,687 shares of the retailer’s stock after selling 3,860 shares during the quarter. Peloton Wealth Strategists’ holdings in Target were worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in shares of Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after buying an additional 124,371 shares during the period. Winning Points Advisors LLC acquired a new stake in Target during the fourth quarter worth about $611,000. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Target by 15.4% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after acquiring an additional 45,803 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after purchasing an additional 142,937 shares during the period. Finally, Mather Group LLC. raised its holdings in shares of Target by 7.5% in the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock worth $15,173,000 after purchasing an additional 10,839 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

TGT stock opened at $133.54 on Wednesday. The firm has a market cap of $60.65 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 2.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a 1 year low of $83.44 and a 1 year high of $137.87. The stock has a 50-day simple moving average of $125.93 and a 200-day simple moving average of $114.33.

Target (NYSE:TGT) last released its quarterly 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 for the quarter, compared to analyst estimates of $24.66 billion. During the same period in the previous year, the company posted $1.30 EPS. Target’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts predict that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 3.5%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s payout ratio is currently 60.24%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TGT. Oppenheimer boosted their target price on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Wells Fargo & Company raised their price target on shares of Target from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Royal Bank Of Canada lifted their price target on shares of Target from $132.00 to $153.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Freedom Capital downgraded shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Guggenheim increased their price objective on shares of Target from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. Eleven investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $126.11.

Insiders Place Their Bets

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’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 sale, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

About Target

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.