5,188 Target Corporation $TGT Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its holdings in shares of Target Corporation (NYSE:TGT) by 13.4% during the third quarter, HoldingsChannel reports. The firm owned 33,511 shares of the retailer’s stock after selling 5,188 shares during the period. Kestra Private Wealth Services LLC’s holdings in Target were worth $5,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of TGT. BlackRock Inc. bought a new stake in Target in the 2nd quarter worth about $5,054,604,000. Bank of New York Mellon Corp bought a new position in Target during the 2nd quarter valued at about $831,466,000. Dimensional Fund Advisors LP lifted its stake in Target by 8.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after acquiring an additional 411,608 shares during the period. Bank of America Corp DE boosted its holdings in shares of Target by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock valued at $597,656,000 after acquiring an additional 82,268 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Target by 12.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock valued at $589,642,000 after acquiring an additional 514,155 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Target

In other news, insider Melissa Kremer sold 15,500 shares of Target stock in a transaction on Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew Liegel sold 926 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total transaction of $151,410.26. Following the sale, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $157.86 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $71.72 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 3.02 and a beta of 0.94. The firm’s 50 day moving average price is $156.56 and its 200-day moving average price is $134.78. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities research analysts expect that Target Corporation will post 8.91 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, November 10th. Target’s dividend payout ratio (DPR) is currently 48.18%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TGT shares. Robert W. Baird set a $170.00 price target on shares of Target in a research note on Thursday, August 20th. TD Cowen started coverage on shares of Target in a research report on Friday, October 30th. They set a “hold” rating and a $160.00 price objective on the stock. BMO Capital Markets increased their price objective on shares of Target from $150.00 to $160.00 and gave the company a “market perform” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded shares of Target from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $154.00 target price (up from $135.00) on shares of Target in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and an average target price of $161.50.

About Target

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.