Target Corporation $TGT Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its stake in Target Corporation (NYSE:TGT) by 2.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 675,710 shares of the retailer’s stock after selling 17,252 shares during the quarter. California State Teachers Retirement System’s holdings in Target were worth $81,896,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. WFA of San Diego LLC purchased a new stake in shares of Target during the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc acquired a new position in Target during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in Target in the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new position in Target in the 4th quarter worth approximately $30,000. Finally, MidFirst Bank acquired a new stake in Target in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial upped their target price on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Guggenheim raised their price target on shares of Target from $145.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 20th. Royal Bank Of Canada lifted their price target on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Wolfe Research upgraded shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price objective on the stock in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $132.15.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction on 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 transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Target Price Performance

TGT stock opened at $146.09 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a 52-week low of $83.44 and a 52-week high of $147.77. The stock’s 50 day moving average is $132.12 and its two-hundred day moving average is $122.76. The company has a market capitalization of $66.35 billion, a PE ratio of 19.30, a P/E/G ratio of 2.82 and a beta of 0.98.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts predict that Target Corporation will post 8.35 earnings per share for the current fiscal 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 boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio is currently 60.24%.

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.