Target Corporation $TGT Stock Sold by Candriam S.C.A.

Candriam S.C.A. reduced its stake in shares of Target Corporation (NYSE:TGT) by 12.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,598 shares of the retailer’s stock after selling 23,119 shares during the period. Candriam S.C.A.’s holdings in Target were worth $25,571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TGT. Pension & Wealth Management Advisors Inc. acquired a new stake in Target during the 3rd quarter valued at $25,000. Putney Financial Group LLC purchased a new position in Target during the third quarter worth $28,000. Kimelman & Baird LLC purchased a new position in Target during the second quarter worth $26,000. Richardson Financial Services Inc. purchased a new position in Target during the second quarter worth $26,000. Finally, Quest 10 Wealth Builders Inc. acquired a new position in shares of Target in the third quarter worth $31,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.2%

TGT opened at $158.16 on Monday. The firm has a market capitalization of $71.85 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.93 and a beta of 0.94. The firm’s 50 day moving average is $156.41 and its 200-day moving average is $135.02. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Analysts expect that Target Corporation will post 8.91 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be paid a dividend of $1.16 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 2.9%. Target’s dividend payout ratio (DPR) is currently 48.18%.

Insider Activity

In related news, insider Melissa K. Kremer sold 15,500 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $169.96, for a total value of $2,634,380.00. Following the transaction, the insider owned 56,981 shares in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 926 shares of the 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 completion of the transaction, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at $2,005,613.66. This represents a 7.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Target from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Royal Bank Of Canada increased their price objective on Target from $166.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. Robert W. Baird set a $170.00 price objective on Target in a research report on Thursday, August 20th. Mizuho set a $150.00 price objective on Target and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Finally, Telsey Advisory Group boosted their target price on shares of Target from $170.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $161.50.

Target Company Profile

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands.

The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States.

The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.