Bank of New York Mellon Corp Trims Stock Holdings in Target Corporation $TGT

Bank of New York Mellon Corp trimmed its position in Target Corporation (NYSE:TGT) by 15.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,873,836 shares of the retailer’s stock after selling 521,837 shares during the period. Bank of New York Mellon Corp’s holdings in Target were worth $280,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA of San Diego LLC purchased a new stake in Target in the second quarter worth $25,000. Global Wealth Strategies & Associates boosted its holdings in Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Target in the fourth quarter worth $30,000. Key Financial Inc boosted its holdings in Target by 77.4% in the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after acquiring an additional 151 shares in the last quarter. Finally, True Wealth Design LLC boosted its holdings in Target by 168.9% in the fourth quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after acquiring an additional 223 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.13% of the company’s stock.

Key Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research lifted Target’s earnings estimates for FY2027, FY2028 and FY2029, suggesting analysts see improving profitability over the next few years. Target earnings estimate updates
• Positive Sentiment: The firm also raised near- to medium-term quarterly forecasts for Q2 2027, Q3 2027 and Q2 2028, which can be viewed as a sign of steadier earnings power. Target earnings estimate updates
• Neutral Sentiment: Target’s latest reported quarter had already beaten expectations, with revenue and EPS topping estimates and management guiding FY2026 EPS to $7.50-$8.50, so the stock is still trading against a generally solid earnings backdrop. Target quarterly earnings background
• Negative Sentiment: Zacks slightly lowered Q4 2027 and Q4 2028 EPS estimates, which may have tempered enthusiasm for the stock’s longer-term earnings trajectory. Target earnings estimate changes
• Negative Sentiment: A recent insider sale by an executive can sometimes add pressure on sentiment, even if it is not necessarily a fundamental red flag. Target insider sale

Target Trading Down 0.6%

Shares of NYSE:TGT opened at $124.02 on Friday. The company has a market cap of $56.33 billion, a P/E ratio of 16.38, a PEG ratio of 2.44 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The stock’s fifty day moving average price is $124.31 and its 200-day moving average price is $111.94.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion for 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 company’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 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts expect that Target Corporation will post 8.35 earnings per share for the current year.

Target Dividend Announcement

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

Analyst Ratings Changes

TGT has been the topic of several analyst reports. Guggenheim reissued a “buy” rating and issued a $140.00 target price on shares of Target in a report on Wednesday, May 20th. BMO Capital Markets boosted their target price on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. KeyCorp reissued a “sector weight” rating on shares of Target in a report on Thursday, May 21st. DA Davidson boosted their target price on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Telsey Advisory Group boosted their target price on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Eleven research 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. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus target price of $125.93.

Target Profile

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.