Mutual Advisors LLC Sells 5,270 Shares of Target Corporation $TGT

Mutual Advisors LLC trimmed its stake in Target Corporation (NYSE:TGT) by 9.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,855 shares of the retailer’s stock after selling 5,270 shares during the quarter. Mutual Advisors LLC’s holdings in Target were worth $4,678,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TGT. Vanguard Group Inc. boosted its holdings in Target by 12.6% in the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after acquiring an additional 6,481,560 shares in the last quarter. State Street Corp raised its stake in shares of Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after purchasing an additional 911,964 shares during the last quarter. Amundi raised its stake in shares of Target by 38.6% in the third quarter. Amundi now owns 1,913,883 shares of the retailer’s stock worth $170,278,000 after purchasing an additional 533,416 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Target by 17.1% in the second quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock worth $311,911,000 after purchasing an additional 461,495 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Target by 21.4% during the third quarter. Nordea Investment Management AB now owns 2,408,505 shares of the retailer’s stock valued at $210,865,000 after acquiring an additional 425,081 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Trading Down 0.5%

Shares of TGT stock opened at $129.06 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The stock’s 50 day simple moving average is $120.55 and its two-hundred day simple moving average is $106.41. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The company has a market cap of $58.61 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 5.41 and a beta of 1.01.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the prior year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Research analysts predict that Target Corporation will post 8.02 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is presently 56.09%.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oppenheimer boosted their price target on Target from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $108.00 price target on Target in a report on Thursday, January 8th. DA Davidson upped their price objective on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Citigroup upped their price objective on Target from $110.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Finally, BNP Paribas Exane upped their price objective on Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. 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 company’s stock. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and an average target price of $117.39.

About Target

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.