Monte Financial Group LLC Sells 66,100 Shares of Target Corporation $TGT

Monte Financial Group LLC lessened its stake in Target Corporation (NYSE:TGT) by 91.7% in the fourth quarter, HoldingsChannel reports. The firm owned 6,003 shares of the retailer’s stock after selling 66,100 shares during the period. Monte Financial Group LLC’s holdings in Target were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. WFA of San Diego LLC purchased a new position in shares of Target during the 2nd quarter worth $25,000. Global Wealth Strategies & Associates boosted its stake in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. Heartwood Wealth Advisors LLC purchased a new position in shares of Target during the 3rd quarter worth $27,000. Tripletail Wealth Management LLC purchased a new position in shares of Target during the 3rd quarter worth $31,000. Finally, Key Financial Inc boosted its stake in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after acquiring an additional 151 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

Target Trading Up 2.8%

Shares of Target stock opened at $122.83 on Thursday. The firm has a market cap of $55.63 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 5.01 and a beta of 1.03. The business has a 50-day moving average price of $116.15 and a 200-day moving average price of $102.28. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target Corporation has a twelve month low of $83.44 and a twelve month high of $126.00.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.7%. Target’s dividend payout ratio (DPR) is presently 56.09%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TGT. Truist Financial lifted their price target on shares of Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Citigroup lifted their price target on shares of Target from $110.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Bank of America began coverage on shares of Target in a research note on Friday, February 27th. They set an “underperform” rating and a $103.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of Target in a research note on Wednesday, March 4th. Finally, Piper Sandler lifted their price target on shares of Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $116.32.

Target Company 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.