Target Corporation $TGT Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. trimmed its position in Target Corporation (NYSE:TGT) by 66.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,960 shares of the retailer’s stock after selling 9,838 shares during the period. Centaurus Financial Inc.’s holdings in Target were worth $601,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TGT. Vanguard Group Inc. raised its position in Target by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after buying an additional 286,499 shares during the last quarter. State Street Corp boosted its holdings in shares of Target by 0.3% in the fourth quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after acquiring an additional 124,468 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Target by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock valued at $1,668,194,000 after acquiring an additional 561,898 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Target by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after acquiring an additional 142,937 shares during the period. Finally, Norges Bank acquired a new position in shares of Target during the fourth quarter worth about $587,903,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Up 0.0%

Shares of NYSE TGT opened at $144.55 on Friday. The stock has a market capitalization of $65.65 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 2.83 and a beta of 0.98. Target Corporation has a 52 week low of $83.44 and a 52 week high of $147.77. The firm has a 50-day moving average price of $132.87 and a 200 day moving average price of $123.18. 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 issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The firm’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. Equities research analysts anticipate that Target Corporation will post 8.32 EPS 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 positive change 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 annualized dividend and a dividend yield of 3.2%. Target’s dividend payout ratio is presently 60.24%.

Analysts Set New Price Targets

Several research analysts recently issued reports on TGT shares. Truist Financial increased their price target on shares of Target from $123.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Wolfe Research raised Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price objective on the stock in a report on Tuesday, June 23rd. Guggenheim boosted their target price on Target from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Telsey Advisory Group increased their target price on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Argus set a $150.00 target price on Target in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Target has a consensus rating of “Hold” and an average target price of $133.48.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the company’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 value of $1,258,900.00. Following the sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.