Target Corporation $TGT Shares Sold by Victrix Investment Advisors

Victrix Investment Advisors reduced its stake in Target Corporation (NYSE:TGTFree Report) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,297 shares of the retailer’s stock after selling 4,215 shares during the period. Victrix Investment Advisors’ holdings in Target were worth $1,593,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Target by 101.3% during the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the last quarter. Woodline Partners LP increased its holdings in Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Target by 22.8% during the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after purchasing an additional 12,948 shares during the last quarter. Sei Investments Co. increased its holdings in Target by 8.0% during the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after purchasing an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Target by 11.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after purchasing an additional 27,063 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TGT shares. Oppenheimer lifted their price objective on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Guggenheim restated a “buy” rating and set a $140.00 price objective on shares of Target in a report on Wednesday, May 20th. Robert W. Baird lifted their price objective on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Barclays reiterated an “underweight” rating on shares of Target in a research note on Monday. Finally, Bank of America began coverage on Target in a research note on Friday, February 27th. They issued an “underperform” rating and a $103.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and a consensus target price of $125.93.

Check Out Our Latest Stock Report on TGT

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 Stock Down 0.6%

NYSE:TGT opened at $124.02 on Friday. The firm has a market capitalization of $56.33 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The stock has a 50 day moving average of $124.31 and a 200-day moving average of $111.94. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGTGet Free Report) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts predict that Target Corporation will post 8.35 EPS for the current year.

Target Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. Target’s dividend payout ratio is 60.24%.

Target Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Target (NYSE:TGT)

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