Target Corporation $TGT Shares Sold by Savant Capital LLC

Savant Capital LLC cut its stake in shares of Target Corporation (NYSE:TGT) by 33.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,197 shares of the retailer’s stock after selling 7,811 shares during the quarter. Savant Capital LLC’s holdings in Target were worth $1,486,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Target by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after purchasing an additional 286,499 shares during the last quarter. State Street Corp grew its holdings in shares of Target by 2.5% during the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after purchasing an additional 911,964 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Target by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after purchasing an additional 122,300 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Target by 10.2% during the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock valued at $350,742,000 after purchasing an additional 360,781 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Target by 0.8% during the third quarter. Legal & General Group Plc now owns 3,309,746 shares of the retailer’s stock valued at $296,884,000 after purchasing an additional 25,989 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s 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 completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.13% of the company’s stock.

Target Stock Performance

Shares of NYSE TGT opened at $123.83 on Tuesday. The stock has a market capitalization of $56.24 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.48 and a beta of 1.00. The stock’s fifty day simple moving average is $123.74 and its 200 day simple moving average is $111.24. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a 52-week low of $83.44 and a 52-week high of $133.10.

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

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th were given a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, May 13th. Target’s dividend payout ratio (DPR) is 60.24%.

Analysts Set New Price Targets

Several brokerages have weighed in on TGT. BMO Capital Markets lifted their target price on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research note on Wednesday, March 4th. Argus set a $150.00 price objective on shares of Target in a research note on Friday, May 22nd. Guggenheim reissued a “buy” rating and set a $140.00 target price on shares of Target in a research note on Wednesday, May 20th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $124.00 price objective on shares of Target in a report on Thursday, May 21st. Finally, Robert W. Baird increased their price objective on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and an average target price 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.