Target Corporation $TGT Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in shares of Target Corporation (NYSE:TGT) by 4.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 244,590 shares of the retailer’s stock after selling 12,219 shares during the period. The Manufacturers Life Insurance Company’s holdings in Target were worth $31,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. WFA of San Diego LLC purchased a new stake in Target in the 2nd quarter valued at approximately $25,000. Jessup Wealth Management Inc purchased a new position in shares of Target during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new stake in shares of Target in the 2nd quarter valued at approximately $26,000. Kimelman & Baird LLC acquired a new stake in shares of Target in the 2nd quarter valued at approximately $26,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Target in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $155.93 on Friday. The stock has a fifty day moving average price of $149.66 and a 200 day moving average price of $133.09. The stock has a market cap of $70.84 billion, a PE ratio of 16.19, a P/E/G ratio of 2.90 and a beta of 0.99. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.Target’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts forecast that Target Corporation will post 8.85 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Melissa Kremer sold 15,500 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew Liegel sold 926 shares of the 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 sale, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TGT. Deutsche Bank Aktiengesellschaft set a $150.00 price objective on Target in a report on Thursday, August 20th. JPMorgan Chase & Co. raised their target price on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Zacks Research lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded shares of Target from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Finally, UBS Group raised their price objective on shares of Target from $166.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Target currently has an average rating of “Hold” and a consensus target price of $159.52.

Target Profile

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.