Whalerock Point Partners LLC Sells 3,709 Shares of Target Corporation $TGT

Whalerock Point Partners LLC lessened its stake in shares of Target Corporation (NYSE:TGT) by 15.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,026 shares of the retailer’s stock after selling 3,709 shares during the period. Whalerock Point Partners LLC’s holdings in Target were worth $2,055,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new position in Target during the 2nd quarter valued at approximately $25,000. Jessup Wealth Management Inc bought a new position in Target during the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates increased its position in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Target during the 4th quarter valued at approximately $30,000. Finally, Motiv8 Investments LLC purchased a new stake in Target during the 4th quarter valued at $34,000. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of several recent analyst reports. Piper Sandler reiterated a “neutral” rating on shares of Target in a research note on Friday. Royal Bank Of Canada increased their target price on Target from $132.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. DA Davidson increased their target price on Target from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Target in a research note on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research note on Thursday. Eleven investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $126.11.

Target Stock Performance

TGT stock opened at $135.29 on Monday. The company has a market cap of $61.45 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. Target Corporation has a 1 year low of $83.44 and a 1 year high of $136.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The stock’s fifty day moving average price is $125.42 and its 200-day moving average price is $113.70.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period last year, the business posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts forecast that Target Corporation will post 8.35 earnings per share for the current 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 given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.4%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is presently 60.24%.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by insiders.

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.