Insider Selling: Target (NYSE:TGT) Insider Sells $1,258,900.00 in Stock

Target Corporation (NYSE:TGT) insider Cara Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% 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.

Target Price Performance

Shares of NYSE TGT opened at $124.93 on Thursday. The firm has a market cap of $56.74 billion, a PE ratio of 16.50, a PEG ratio of 2.41 and a beta of 1.00. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. Target Corporation has a 1-year low of $83.44 and a 1-year high of $133.10. The company has a fifty day moving average price of $124.14 and a 200 day moving average price of $111.70.

Target (NYSE:TGT) last announced 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. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same period in the prior year, the business earned $1.30 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts predict that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th were issued a $1.14 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. Target’s dividend payout ratio (DPR) is presently 60.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. WFA of San Diego LLC bought a new position in shares of Target in the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc bought a new position in shares of Target in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in shares of Target in the 4th quarter valued at about $26,000. Capital Advisors Ltd. LLC grew its position in shares of Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after acquiring an additional 194 shares during the period. Finally, Global Wealth Strategies & Associates grew its position in shares of Target by 192.0% in 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 during the period. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TGT shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $123.00 price objective on shares of Target in a report on Friday, May 15th. Mizuho set a $120.00 price objective on Target in a report on Thursday, March 5th. KeyCorp restated a “sector weight” rating on shares of Target in a report on Thursday, May 21st. Barclays restated an “underweight” rating on shares of Target in a report on Monday. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $124.00 price objective on shares of Target in a report on Thursday, May 21st. Eleven research 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 company presently has a consensus rating of “Hold” and an average price target of $125.93.

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.