Target Corporation $TGT Stock Position Decreased by Candriam S.C.A.

Candriam S.C.A. trimmed its stake in Target Corporation (NYSE:TGT) by 66.9% during the first quarter, HoldingsChannel.com reports. The fund owned 133,740 shares of the retailer’s stock after selling 270,809 shares during the period. Candriam S.C.A.’s holdings in Target were worth $16,209,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TGT. WFA of San Diego LLC acquired a new stake in Target during the 2nd quarter valued at $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target in the fourth quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target in the fourth quarter worth $26,000. Capital Advisors Ltd. LLC boosted its position in Target by 245.6% during 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, Global Wealth Strategies & Associates grew its stake in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Up 2.0%

Shares of NYSE TGT traded up $2.67 during trading hours on Friday, hitting $134.94. The stock had a trading volume of 3,403,029 shares, compared to its average volume of 4,556,986. The firm’s 50-day moving average price is $128.40 and its two-hundred day moving average price is $118.99. Target Corporation has a 52 week low of $83.44 and a 52 week high of $142.82. The company has a market capitalization of $61.29 billion, a P/E ratio of 17.83, a P/E/G ratio of 2.64 and a beta of 0.98. 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 issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

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

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 transaction, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade 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 this link. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on Target from $132.00 to $153.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Argus set a $150.00 price objective on shares of Target in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $123.00 price objective on shares of Target in a research note on Friday, May 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Target in a research report on Monday, May 4th. Finally, Telsey Advisory Group lifted their target price on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Twelve investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $130.64.

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.