Target Corporation $TGT Shares Sold by KBC Group NV

KBC Group NV decreased its holdings in Target Corporation (NYSE:TGT) by 9.2% in the 1st quarter, HoldingsChannel reports. The firm owned 99,739 shares of the retailer’s stock after selling 10,120 shares during the quarter. KBC Group NV’s holdings in Target were worth $12,089,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. WFA of San Diego LLC bought a new position in Target in the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc bought a new stake in shares of Target during the 4th quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target in the 4th quarter worth approximately $26,000. Capital Advisors Ltd. LLC lifted its stake in shares of Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after acquiring an additional 194 shares during the period. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of Target by 134.9% in the first quarter. Valued Wealth Advisors LLC now owns 296 shares of the retailer’s stock valued at $36,000 after acquiring an additional 170 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Down 0.8%

NYSE TGT opened at $138.50 on Wednesday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $144.40. The company has a market capitalization of $62.91 billion, a P/E ratio of 18.30, a PEG ratio of 2.73 and a beta of 0.98. The company’s 50 day simple moving average is $130.10 and its 200 day simple moving average is $121.17. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts expect that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. 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 a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is 61.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Target from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $123.00 target price on shares of Target in a research report on Friday, May 15th. DA Davidson increased their price target on Target from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Citigroup lifted their price target on Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $132.15.

Insider Buying and Selling at Target

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

About Target

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.