75,839 Target Corporation $TGT Shares Sold by Gradient Investments LLC

Gradient Investments LLC trimmed its holdings in Target Corporation (NYSE:TGT) by 19.9% in the third quarter, Holdings Channel.com reports. The fund owned 305,837 shares of the retailer’s stock after selling 75,839 shares during the period. Gradient Investments LLC’s holdings in Target were worth $47,922,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TGT. BlackRock Inc. acquired a new stake in shares of Target during the second quarter worth $5,054,604,000. State Street Corp raised its holdings in Target by 0.3% during the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock worth $3,692,265,000 after buying an additional 124,468 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Target in the second quarter worth about $831,466,000. Dimensional Fund Advisors LP boosted its holdings in shares of Target by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock worth $656,091,000 after buying an additional 411,608 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Target by 1.8% in the second quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock worth $597,656,000 after acquiring an additional 82,268 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

TGT traded up $4.93 on Thursday, hitting $155.85. The company had a trading volume of 1,648,385 shares, compared to its average volume of 5,163,394. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The company’s fifty day moving average price is $156.78 and its 200 day moving average price is $138.18. The stock has a market cap of $70.80 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 2.86 and a beta of 0.98.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. Target’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities analysts predict that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. Target’s dividend payout ratio is 48.18%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of research analyst reports. Oppenheimer increased their target price on Target from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. BMO Capital Markets increased their price objective on Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, August 20th. Royal Bank Of Canada lifted their target price on Target from $166.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Roth Capital reiterated a “neutral” rating and issued a $142.00 target price on shares of Target in a report on Thursday, August 20th. Finally, Zacks Research lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $159.52.

Insiders Place Their Bets

In related news, insider Melissa K. Kremer sold 15,500 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares in the company, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew A. Liegel sold 926 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the transaction, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. This represents a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by corporate insiders.

Target Company Profile

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping channels under the Target brand. The company sells a broad assortment of products, including apparel and accessories, beauty and personal care items, home furnishings, electronics, groceries, toys, seasonal merchandise and everyday essentials.

Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.