Key Points
- Target insider Melissa Kremer sold 15,500 shares for approximately $2.63 million at an average price of $169.96, reducing her ownership by 21.38% to 56,981 shares.
- Target reported quarterly EPS of $4.11, well above the $2.35 consensus estimate, while revenue rose 5.3% year over year to $26.54 billion.
- The company increased its quarterly dividend to $1.16 per share, equivalent to a 2.8% annual yield; analysts’ consensus rating remains Hold, with an average price target of $159.52.
Target Corporation (NYSE:TGT - Get Free Report) insider Melissa Kremer sold 15,500 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the transaction, the insider owned 56,981 shares in the company, valued at $9,684,490.76. This represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Target Trading Up 0.2%
Shares of Target stock opened at $163.85 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $142.87 and a 200-day simple moving average of $129.27. The stock has a market cap of $74.42 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 3.03 and a beta of 0.97. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75.
Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. The firm had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. Target's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts forecast that Target Corporation will post 8.88 EPS for the current fiscal year.
Target Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is an increase from Target's previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, August 12th. Target's dividend payout ratio (DPR) is presently 48.18%.
Hedge Funds Weigh In On Target
Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in shares of Target by 13,417.6% during the 2nd quarter. California State Teachers Retirement System now owns 91,340,014 shares of the retailer's stock worth $11,929,919,000 after acquiring an additional 90,664,304 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Target by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer's stock worth $5,690,262,000 after acquiring an additional 286,499 shares during the period. BlackRock Inc. purchased a new stake in shares of Target in the 2nd quarter worth about $5,054,604,000. State Street Corp raised its position in Target by 0.3% during the fourth quarter. State Street Corp now owns 37,772,533 shares of the retailer's stock worth $3,692,265,000 after acquiring an additional 124,468 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Target by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer's stock worth $1,668,194,000 after acquiring an additional 561,898 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on TGT shares. Wells Fargo & Company raised their target price on shares of Target from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, August 20th. Guggenheim increased their price target on shares of Target from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Sanford C. Bernstein reissued a "market perform" rating and set a $154.00 price objective on shares of Target in a research report on Thursday, August 20th. Roth Capital restated a "neutral" rating and issued a $142.00 price objective on shares of Target in a research note on Thursday, August 20th. Finally, Truist Financial upped their target price on shares of Target from $147.00 to $167.00 and gave the company a "hold" rating in a report on Thursday, August 20th. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Target presently has an average rating of "Hold" and an average price target of $159.52.
View Our Latest Research 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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