Target Corporation $TGT Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its stake in Target Corporation (NYSE:TGT) by 10.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 112,579 shares of the retailer’s stock after selling 13,136 shares during the quarter. Mather Group LLC.’s holdings in Target were worth $17,640,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TGT. Richardson Financial Services Inc. bought a new position in shares of Target during the second quarter worth about $26,000. Kimelman & Baird LLC acquired a new stake in shares of Target in the 2nd quarter worth about $26,000. Archer Investment Corp acquired a new stake in shares of Target in the 2nd quarter worth about $30,000. MidFirst Bank acquired a new stake in shares of Target in the 4th quarter worth about $31,000. Finally, Capital Advisors Ltd. LLC lifted its position in Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling

In other Target news, CAO Matthew Liegel sold 926 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Melissa Kremer sold 15,500 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TGT. UBS Group boosted their target price on shares of Target from $166.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Piper Sandler upped their target price on shares of Target from $146.00 to $153.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Evercore set a $165.00 price target on shares of Target in a research note on Tuesday. Barclays lifted their price target on Target from $115.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday, August 19th. Finally, Wall Street Zen raised Target from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $159.33.

Target Trading Up 2.2%

Shares of NYSE:TGT opened at $155.33 on Thursday. The company has a 50 day moving average of $157.48 and a 200-day moving average of $139.54. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The firm has a market cap of $70.57 billion, a P/E ratio of 16.13, a P/E/G ratio of 2.82 and a beta of 0.98. Target Corporation has a twelve month low of $83.44 and a twelve month high of $170.75.

Target (NYSE:TGT) last posted its quarterly earnings data 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. Target had a net margin of 4.08% and a return on equity of 23.23%. The business had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the firm posted $2.05 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, analysts anticipate that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, November 10th. Target’s dividend payout ratio is 48.18%.

Target Profile

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

Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.