5,618 Target Corporation $TGT Shares Sold by Inscription Capital LLC

Inscription Capital LLC lowered its stake in Target Corporation (NYSE:TGT) by 47.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,121 shares of the retailer’s stock after selling 5,618 shares during the period. Inscription Capital LLC’s holdings in Target were worth $959,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nicholas Investment Partners LP raised its holdings in shares of Target by 204.3% during the 2nd quarter. Nicholas Investment Partners LP now owns 55,154 shares of the retailer’s stock worth $7,204,000 after buying an additional 37,030 shares in the last quarter. Saudi Central Bank boosted its stake in Target by 89.7% in the second quarter. Saudi Central Bank now owns 31,700 shares of the retailer’s stock valued at $4,140,000 after buying an additional 14,986 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Target by 4,119.2% in the second quarter. Engineers Gate Manager LP now owns 372,558 shares of the retailer’s stock valued at $48,660,000 after buying an additional 363,728 shares in the last quarter. Two Sigma Securities LLC bought a new position in Target in the second quarter valued at about $833,000. Finally, Neumann Capital Management LLC bought a new position in Target in the third quarter valued at about $2,457,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TGT shares. Roth Capital reaffirmed a “neutral” rating and set a $142.00 price target (up from $114.00) on shares of Target in a research note on Thursday, August 20th. Bank of America reissued an “underperform” rating and issued a $124.00 price target (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. Royal Bank Of Canada lifted their price objective on Target from $166.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Citigroup lifted their price objective on Target from $148.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $161.00 target price (up from $127.00) on shares of Target in a report on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $161.50.

Insider Activity

In related news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Melissa K. Kremer sold 15,500 shares of the business’s stock in a transaction on 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 completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by insiders.

Target Stock Up 0.1%

NYSE TGT traded up $0.21 on Friday, hitting $158.16. 2,991,900 shares of the company were exchanged, compared to its average volume of 3,879,900. The stock has a fifty day moving average of $156.41 and a 200-day moving average of $135.02. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. 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 company has a market cap of $71.85 billion, a PE ratio of 16.42, a PEG ratio of 2.93 and a beta of 0.94.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%. The firm had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter last year, the firm posted $2.05 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, analysts forecast that Target Corporation will post 8.91 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 10th. Target’s dividend payout ratio is presently 48.18%.

About Target

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.