Key Points
- Target insider Cara Sylvester sold 10,000 shares on May 29 at an average price of $125.89, totaling about $1.26 million. After the sale, she still held 45,930 shares, cutting her ownership by 17.88%.
- Target recently beat Wall Street expectations on earnings and revenue, reporting $1.71 EPS versus the $1.47 estimate and $25.44 billion in revenue versus $24.66 billion expected. Quarterly revenue rose 6.7% year over year, and the company guided FY 2026 EPS to $7.50-$8.50.
- Analysts remain cautious overall, with a consensus rating of “Hold” and an average price target of $125.93. The stock also recently paid a $1.14 quarterly dividend, equal to a 3.7% annualized yield.
Target Corporation (NYSE:TGT - Get Free Report) insider Cara Sylvester sold 10,000 shares of the stock in a transaction dated Friday, May 29th. The shares were 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 of the company's stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Target Stock Performance
TGT stock opened at $123.83 on Tuesday. The firm has a market cap of $56.24 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.48 and a beta of 1.00. The firm has a 50-day simple moving average of $123.74 and a two-hundred day simple moving average of $111.24. Target Corporation has a one year low of $83.44 and a one year high of $133.10. 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 (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target's revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal year.
Target Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were given a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, May 13th. Target's dividend payout ratio (DPR) is presently 60.24%.
Hedge Funds Weigh In On Target
A number of institutional investors have recently bought and sold shares of the business. First Trust Advisors LP increased its holdings in shares of Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer's stock valued at $113,702,000 after purchasing an additional 124,371 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Target by 15.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer's stock valued at $30,721,000 after purchasing an additional 45,803 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Target by 7.5% during the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer's stock valued at $15,173,000 after purchasing an additional 10,839 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Target by 20.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 175,443 shares of the retailer's stock valued at $18,322,000 after acquiring an additional 30,363 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Target by 24.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 243,603 shares of the retailer's stock valued at $21,414,000 after acquiring an additional 47,700 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
TGT has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on shares of Target from $105.00 to $130.00 and gave the company a "market perform" rating in a research report on Wednesday, March 4th. The Goldman Sachs Group increased their price objective on shares of Target from $112.00 to $127.00 and gave the company a "neutral" rating in a research report on Thursday, May 21st. Evercore set a $130.00 price objective on shares of Target in a research report on Monday, May 18th. JPMorgan Chase & Co. increased their price objective on shares of Target from $120.00 to $129.00 and gave the company a "neutral" rating in a research report on Friday, May 15th. Finally, BNP Paribas Exane increased their price objective on shares of Target from $63.00 to $88.00 and gave the company an "underperform" rating in a research report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $125.93.
Check Out Our Latest Stock Report on Target
Target Company Profile
(
Get 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.
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