Target Corporation $TGT Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC decreased its holdings in shares of Target Corporation (NYSE:TGT) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,014 shares of the retailer’s stock after selling 6,170 shares during the quarter. Target comprises about 1.0% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 20th biggest position. Easterly Investment Partners LLC’s holdings in Target were worth $15,641,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WFA of San Diego LLC acquired a new stake in shares of Target during the second quarter worth $25,000. Global Wealth Strategies & Associates raised 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 worth $29,000 after buying an additional 192 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of Target in the 4th quarter worth $30,000. Key Financial Inc raised its position in shares of Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after buying an additional 151 shares during the period. Finally, True Wealth Design LLC raised its position in shares of Target by 168.9% in the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Up 0.1%

NYSE:TGT opened at $127.25 on Monday. The business’s 50-day moving average is $123.56 and its two-hundred day moving average is $111.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a 12 month low of $83.44 and a 12 month high of $133.10. The firm has a market capitalization of $57.80 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating 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 company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same period last year, the company posted $1.30 earnings per share. The firm’s revenue 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 Announces Dividend

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

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on TGT. UBS Group increased their target price on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada increased their target price on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Telsey Advisory Group increased their target price on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $124.00 target price on shares of Target in a research report on Thursday, May 21st. Finally, Wells Fargo & Company increased their target price on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Eleven research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus price target of $125.93.

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.