Target (NYSE:TGT) Insider Sells $1,258,900.00 in Stock

by · The Markets Daily

Target Corporation (NYSE:TGT – Get Free Report) insider Cara Sylvester sold 10,000 shares of the business’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available at this link.

Target Stock Down 2.6%

Shares of Target stock traded down $3.25 during trading on Monday, hitting $123.83. 4,858,859 shares of the stock were exchanged, compared to its average volume of 6,039,613. The stock has a market cap of $56.24 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. The firm’s 50-day moving average price is $123.56 and its 200 day moving average price is $111.01. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30.

Target (NYSE:TGT – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts forecast that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is currently 60.24%.

Institutional Trading of Target

A number of hedge funds have recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its position in Target by 16.0% during the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after acquiring an additional 80 shares during the last quarter. Prosperity Consulting Group LLC boosted its position in Target by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after acquiring an additional 81 shares during the last quarter. Howe & Rusling Inc. boosted its position in Target by 3.1% during the first quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock worth $358,000 after acquiring an additional 90 shares during the last quarter. Crawford Investment Counsel Inc. boosted its position in Target by 0.4% during the fourth quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock worth $1,971,000 after acquiring an additional 90 shares during the last quarter. Finally, Valtinson Bruner Financial Planning LLC boosted its position in Target by 2.6% during the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Evercore set a $130.00 target price on Target in a research report on Monday, May 18th. 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. Wells Fargo & Company increased their target price on shares of Target from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a report on Thursday, May 21st. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $114.00 target price on shares of Target in a report on Friday, May 22nd. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $125.93.

Read Our Latest Stock Analysis on Target

About Target

(Get Free Report)

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.

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