Quantinno Capital Management LP Sells 4,754 Shares of Target Corporation $TGT

Quantinno Capital Management LP trimmed its stake in Target Corporation (NYSE:TGT) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 639,190 shares of the retailer’s stock after selling 4,754 shares during the period. Quantinno Capital Management LP’s holdings in Target were worth $77,470,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Target by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after buying an additional 286,499 shares in the last quarter. State Street Corp grew its stake in shares of Target by 0.3% during the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after acquiring an additional 124,468 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Target by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock worth $1,668,194,000 after acquiring an additional 561,898 shares in the last quarter. Franklin Resources Inc. increased its holdings in Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after acquiring an additional 142,937 shares in the last quarter. Finally, Norges Bank bought a new stake in Target during the 4th quarter worth approximately $587,903,000. 79.73% of the stock is owned by institutional investors.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Target Stock Up 2.7%

Shares of TGT opened at $144.18 on Wednesday. The business’s 50 day moving average is $131.66 and its 200 day moving average is $122.48. 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 12-month low of $83.44 and a 12-month high of $145.85. The company has a market capitalization of $65.49 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion during 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 was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. 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 announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.2%. Target’s dividend payout ratio is 60.24%.

Analysts Set New Price Targets

Several brokerages have weighed in on TGT. Telsey Advisory Group lifted their price target on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Jefferies Financial Group increased their price objective on shares of Target from $140.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Target from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Truist Financial lifted their target price on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Finally, Zacks Research raised shares of Target from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Target currently has an average rating of “Hold” and an average price target of $132.15.

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.