Target Corporation (NYSE:TGT - Get Free Report) CAO Matthew Liegel sold 926 shares of Target stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares of the company's stock, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Target Price Performance
Shares of NYSE:TGT opened at $169.96 on Tuesday. The company has a market cap of $77.20 billion, a PE ratio of 17.65, a P/E/G ratio of 3.34 and a beta of 0.96. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75. The firm has a 50-day simple moving average of $141.55 and a 200 day simple moving average of $128.55. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80.
Target (NYSE:TGT - Get Free Report) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion for the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter last year, the company posted $2.05 earnings per share. Target's revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.84 EPS for the current year.
Target Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. 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 annualized dividend and a dividend yield of 2.7%. Target's dividend payout ratio (DPR) is 48.18%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on TGT. Weiss Ratings restated a "hold (c)" rating on shares of Target in a research note on Friday, July 31st. BMO Capital Markets boosted their price target on shares of Target from $150.00 to $160.00 and gave the company a "market perform" rating in a report on Thursday. Wolfe Research set a $169.00 price target on shares of Target in a research report on Monday, August 3rd. UBS Group increased their price objective on shares of Target from $166.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Evercore set a $170.00 price objective on shares of Target in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $159.52.
Read Our Latest Stock Analysis on Target
Institutional Trading of Target
Hedge funds have recently added to or reduced their stakes in the business. Kimelman & Baird LLC bought a new position in shares of Target in the second quarter worth $26,000. Richardson Financial Services Inc. acquired a new position in shares of Target during the second quarter valued at $26,000. Archer Investment Corp bought a new stake in shares of Target during the second quarter valued at about $30,000. WFA of San Diego LLC bought a new stake in shares of Target during the second quarter valued at about $25,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Target during the fourth quarter valued at about $25,000. Institutional investors own 79.73% of the company's stock.
About Target
(
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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