Target Corporation (NYSE:TGT – Get Free Report) insider Melissa Kremer sold 15,500 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the sale, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Target Trading Up 0.2%
Shares of TGT traded up $0.38 during midday trading on Wednesday, hitting $163.85. 4,552,328 shares of the stock were exchanged, compared to its average volume of 5,465,748. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75. The stock has a fifty day simple moving average of $142.15 and a 200 day simple moving average of $128.90. The firm has a market cap of $74.42 billion, a P/E ratio of 17.01, a P/E/G ratio of 3.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99.
Target (NYSE:TGT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts anticipate that Target Corporation will post 8.88 EPS for the current fiscal year.
Target Increases Dividend
Wall Street Analysts Forecast Growth
TGT has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Target from $129.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Zacks Research lowered shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Wells Fargo & Company raised their price target on shares of Target from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Piper Sandler boosted their price target on shares of Target from $146.00 to $153.00 and gave the stock a “neutral” rating in a research note on Thursday, August 20th. Finally, UBS Group upped their price objective on Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $159.52.
Read Our Latest Analysis on TGT
Institutional Trading of Target
Hedge funds have recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. grew its holdings in shares of Target by 4.1% during the second quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock valued at $228,000 after buying an additional 68 shares during the last quarter. Wynn Capital LLC raised its stake in Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock worth $1,104,000 after acquiring an additional 79 shares during the last quarter. Whipplewood Advisors LLC lifted its position in Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after acquiring an additional 80 shares during the period. Prosperity Consulting Group LLC lifted its position in Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after acquiring an additional 81 shares during the period. Finally, Versant Capital Management Inc grew its stake in Target by 3.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock valued at $324,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.
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.
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