Thrivent Financial for Lutherans Sells 5,020 Shares of Target Corporation $TGT

Thrivent Financial for Lutherans lowered its stake in shares of Target Corporation (NYSE:TGT) by 21.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,084 shares of the retailer’s stock after selling 5,020 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Target were worth $1,768,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TGT. Vanguard Group Inc. increased its position in shares of Target by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after purchasing an additional 6,481,560 shares during the last quarter. State Street Corp boosted its holdings in Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after acquiring an additional 911,964 shares during the period. Amundi boosted its holdings in Target by 38.6% during the 3rd quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after acquiring an additional 533,416 shares during the period. Ameriprise Financial Inc. boosted its holdings in Target by 17.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock valued at $311,911,000 after acquiring an additional 461,495 shares during the period. Finally, Caisse de depot et placement du Quebec boosted its holdings in Target by 1,593.8% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 439,839 shares of the retailer’s stock valued at $39,454,000 after acquiring an additional 413,871 shares during the period. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the company’s 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 completion of the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TGT shares. Piper Sandler boosted their price objective on Target from $121.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Citigroup boosted their price objective on Target from $117.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Oppenheimer boosted their price objective on Target from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, March 4th. BMO Capital Markets boosted their price objective on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, March 4th. Finally, UBS Group boosted their price objective on Target from $130.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.93.

Target Price Performance

Shares of TGT stock opened at $128.25 on Thursday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. The stock has a market capitalization of $58.25 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 2.45 and a beta of 1.01. The stock has a fifty day simple moving average of $123.07 and a two-hundred day simple moving average of $110.49. 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 (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The business had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same period in the prior year, the business earned $1.30 EPS. The business’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. On average, analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is currently 60.24%.

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.