Clearstead Advisors LLC Reduces Stake in Target Corporation $TGT

Clearstead Advisors LLC lowered its position in Target Corporation (NYSE:TGT) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,094 shares of the retailer’s stock after selling 4,883 shares during the period. Clearstead Advisors LLC’s holdings in Target were worth $2,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TGT. Vanguard Group Inc. boosted its position in Target by 12.6% in the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after buying an additional 6,481,560 shares during the last quarter. State Street Corp boosted its position in Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after buying an additional 911,964 shares during the last quarter. Amundi boosted its position in Target by 38.6% in the third quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after buying an additional 533,416 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Target by 17.1% in the second quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock valued at $311,911,000 after buying an additional 461,495 shares during the last quarter. Finally, Caisse de depot et placement du Quebec boosted its position in Target by 1,593.8% in the third quarter. Caisse de depot et placement du Quebec now owns 439,839 shares of the retailer’s stock valued at $39,454,000 after buying an additional 413,871 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Trading Down 0.4%

Shares of TGT stock opened at $125.16 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The company has a market cap of $56.85 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.45 and a beta of 1.01. The stock has a 50 day simple moving average of $122.85 and a 200-day simple moving average of $110.22. Target Corporation has a 1-year low of $83.44 and a 1-year high of $133.10.

Target (NYSE:TGT) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts expect that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio is presently 60.24%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, March 4th. Wolfe Research raised Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $124.00 price target on shares of Target in a report on Thursday, May 21st. Roth Mkm reissued a “neutral” rating and issued a $114.00 price target on shares of Target in a report on Friday. Finally, Morgan Stanley boosted their price target on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $125.93.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by insiders.

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.