Personal CFO Solutions LLC Sells 4,057 Shares of Target Corporation $TGT

Personal CFO Solutions LLC trimmed its position in Target Corporation (NYSE:TGTFree Report) by 51.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,838 shares of the retailer’s stock after selling 4,057 shares during the quarter. Personal CFO Solutions LLC’s holdings in Target were worth $465,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Target by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after acquiring an additional 286,499 shares in the last quarter. State Street Corp lifted its holdings in shares of Target by 0.3% in the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock worth $3,692,265,000 after purchasing an additional 124,468 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Target by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock valued at $1,668,194,000 after purchasing an additional 561,898 shares during the period. Franklin Resources Inc. grew its position in Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after purchasing an additional 142,937 shares during the period. Finally, Norges Bank bought a new stake in Target during the 4th quarter valued at $587,903,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on TGT shares. Wells Fargo & Company raised their price objective on shares of Target from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Target from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. KeyCorp reaffirmed a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. Truist Financial lifted their price target on Target from $123.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $130.64.

Check Out Our Latest Stock Analysis on Target

Target Stock Up 2.0%

TGT traded up $2.67 during mid-day trading on Friday, reaching $134.94. 3,403,029 shares of the stock were exchanged, compared to its average volume of 4,556,986. Target Corporation has a 1 year low of $83.44 and a 1 year high of $142.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The stock has a market capitalization of $61.29 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.58 and a beta of 0.98. The company has a 50 day moving average price of $128.40 and a two-hundred day moving average price of $118.99.

Target (NYSE:TGTGet Free Report) last announced 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. 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 quarter in the prior year, the company posted $1.30 earnings per share. The firm’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. As a group, research analysts anticipate 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. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.4%. Target’s dividend payout ratio (DPR) is 60.24%.

Insider Buying and Selling

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

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

Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGTFree Report).

Institutional Ownership by Quarter for Target (NYSE:TGT)

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