Whalerock Point Partners LLC Reduces Holdings in Target Corporation $TGT

Whalerock Point Partners LLC cut its stake in shares of Target Corporation (NYSE:TGT) by 15.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,026 shares of the retailer’s stock after selling 3,709 shares during the quarter. Whalerock Point Partners LLC’s holdings in Target were worth $2,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares during the period. Woodline Partners LP lifted its holdings in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after buying an additional 11,047 shares during the period. NewEdge Advisors LLC lifted its holdings in Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after buying an additional 12,948 shares during the period. Sei Investments Co. lifted its holdings in Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after buying an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in Target by 11.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after buying an additional 27,063 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the transaction, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This represents a 14.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by corporate insiders.

Target Stock Up 0.0%

Shares of NYSE:TGT opened at $135.29 on Monday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $136.14. The firm has a market capitalization of $61.45 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.64 and a beta of 1.00. The stock has a 50 day moving average price of $125.42 and a 200-day moving average price of $113.70. 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) last announced its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.4%. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is currently 60.24%.

Analysts Set New Price Targets

TGT has been the subject of several research analyst reports. Morgan Stanley increased their price objective on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Roth Mkm reiterated a “neutral” rating and issued a $114.00 price objective on shares of Target in a report on Friday, May 22nd. Citigroup increased their price objective on Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $123.00 price objective on shares of Target in a report on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $126.11.

Target Profile

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.