Target (NYSE:TGT) Insider Cara Sylvester Sells 10,000 Shares of Stock

Target Corporation (NYSE:TGT) insider Cara Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Target Trading Down 2.6%

TGT stock opened at $123.83 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. The stock has a market capitalization of $56.24 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. The firm’s fifty day simple moving average is $123.74 and its two-hundred day simple moving average is $111.24.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts anticipate that Target Corporation will post 8.35 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th were issued a $1.14 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.7%. Target’s dividend payout ratio is presently 60.24%.

Analyst Upgrades and Downgrades

TGT has been the topic of a number of research analyst reports. Argus set a $150.00 price target on shares of Target in a report on Friday, May 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $124.00 price target on shares of Target in a report on Thursday, May 21st. Wells Fargo & Company upped their price target on shares of Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Oppenheimer upped their price target on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Finally, KeyCorp restated a “sector weight” rating on shares of Target in a report on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $125.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGT. WFA of San Diego LLC purchased a new stake in shares of Target during the second quarter valued at about $25,000. Jessup Wealth Management Inc purchased a new stake in shares of Target during the fourth quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Target during the fourth quarter valued at about $26,000. Global Wealth Strategies & Associates lifted its position in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Target during the fourth quarter valued at about $30,000. 79.73% of the stock is currently owned by institutional investors.

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.