Target Corporation $TGT Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC trimmed its position in shares of Target Corporation (NYSE:TGT) by 16.0% during the third quarter, Holdings Channel reports. The firm owned 18,156 shares of the retailer’s stock after selling 3,460 shares during the quarter. Inlet Private Wealth LLC’s holdings in Target were worth $2,845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TGT. BlackRock Inc. acquired a new stake in shares of Target in the second quarter valued at $5,054,604,000. Bank of New York Mellon Corp acquired a new position in Target during the 2nd quarter worth about $831,466,000. Jupiter Topco LLC purchased a new position in Target during the 2nd quarter valued at about $320,006,000. Deutsche Bank AG purchased a new position in Target during the 2nd quarter valued at about $224,238,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Target during the 2nd quarter valued at about $150,784,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Target

In related news, insider Melissa Kremer sold 15,500 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. This 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 the SEC website. Also, CAO Matthew Liegel sold 926 shares of the firm’s 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 completion of the sale, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TGT. Deutsche Bank Aktiengesellschaft set a $150.00 target price on Target in a research report on Thursday, August 20th. Wells Fargo & Company increased their price target on shares of Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Oppenheimer raised their price objective on shares of Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Target from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $159.33.

Target Trading Down 1.0%

NYSE:TGT opened at $152.40 on Thursday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. The firm has a market cap of $69.23 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. 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 stock has a fifty day moving average price of $157.79 and a 200 day moving average price of $140.74.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. Target’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts anticipate that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Dividend Announcement

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

Target Profile

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

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.