PNC Financial Services Group Inc. Trims Holdings in Target Corporation $TGT

Posted by Brenda Bartman on Jul 24th, 2026

Target logo PNC Financial Services Group Inc. reduced its position in shares of Target Corporation (NYSE:TGT – Free Report) by 3.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 410,207 shares of the retailer’s stock after selling 12,597 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Target were worth $49,717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TGT. Brighton Jones LLC boosted its holdings in shares of Target by 101.3% during the fourth 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 lifted its position in Target by 39.9% during the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after buying an additional 11,047 shares during the period. NewEdge Advisors LLC lifted its position in Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after buying an additional 12,948 shares during the period. Sei Investments Co. boosted its stake in Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after buying an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Target by 11.0% in 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 buying an additional 27,063 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Target Trading Down 2.5%

NYSE TGT opened at $134.52 on Friday. The firm has a market capitalization of $61.10 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 2.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a one year low of $83.44 and a one year high of $144.40. The company’s 50 day moving average price is $130.66 and its 200 day moving average price is $121.69.

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

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 3.4%. Target’s dividend payout ratio is currently 60.24%.

Analysts Set New Price Targets

A number of research firms have recently commented on TGT. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a research note on Thursday, May 21st. Guggenheim boosted their target price on shares of Target from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday. Roth Capital reaffirmed a “neutral” rating and set a $114.00 price target on shares of Target in a research note on Friday, May 22nd. Royal Bank Of Canada increased their price target on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Jefferies Financial Group lifted their price target on shares of Target from $140.00 to $161.00 and gave the company a “buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $132.15.

Get Our Latest Stock Analysis on Target

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.