Target (NYSE:TGT) CAO Sells $240,591.07 in Stock

Target Corporation (NYSE:TGT) CAO Matthew Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Target Trading Down 1.3%

Shares of Target stock opened at $113.03 on Friday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $126.00. The company’s fifty day simple moving average is $113.12 and its 200-day simple moving average is $99.68. The company has a market cap of $51.19 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 4.71 and a beta of 1.12. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last released its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, sell-side analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 56.09%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Target by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after buying an additional 286,499 shares in the last quarter. State Street Corp boosted its stake in Target by 0.3% in the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after buying an additional 124,468 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Target by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock valued at $1,668,194,000 after buying an additional 561,898 shares in the last quarter. Franklin Resources Inc. grew its position in Target by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after acquiring an additional 142,937 shares during the period. Finally, Norges Bank bought a new stake in Target in the fourth quarter valued at $587,903,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TGT. Mizuho set a $120.00 price target on Target in a research note on Thursday, March 5th. UBS Group raised their price objective on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. BMO Capital Markets lifted their price objective on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. Eleven investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $116.32.

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.