26,127 Target Corporation $TGT Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its position in shares of Target Corporation (NYSE:TGT) by 7.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,376 shares of the retailer’s stock after selling 26,127 shares during the quarter. Pzena Investment Management LLC owned 0.08% of Target worth $54,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Rakuten Investment Management Inc. acquired a new stake in Target during the 3rd quarter worth about $12,752,000. AIA Group Ltd purchased a new position in Target in the third quarter valued at $5,828,000. Provenance Wealth Advisors LLC raised its position in shares of Target by 1,296.0% in the third quarter. Provenance Wealth Advisors LLC now owns 4,928 shares of the retailer’s stock worth $772,000 after acquiring an additional 4,575 shares during the period. Associated Banc Corp acquired a new position in shares of Target in the third quarter worth about $2,869,000. Finally, Putney Financial Group LLC acquired a new stake in shares of Target during the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price target on Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, August 20th. Jefferies Financial Group raised their target price on Target from $161.00 to $177.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Roth Capital reaffirmed a “neutral” rating and issued a $142.00 price target (up from $114.00) on shares of Target in a research note on Thursday, August 20th. Weiss Ratings upgraded Target from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $150.00 price target (up from $145.00) on shares of Target in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $161.50.

Target Stock Up 5.7%

Shares of NYSE TGT opened at $163.26 on Thursday. The stock has a market cap of $74.17 billion, a PE ratio of 16.95, a P/E/G ratio of 2.86 and a beta of 0.94. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. Target Corporation has a 12-month low of $83.44 and a 12-month high of $170.75. The company has a 50-day moving average of $156.68 and a 200 day moving average of $134.54.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping the consensus estimate of $2.35 by $1.76. The business had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, sell-side analysts predict that Target Corporation will post 8.91 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. Target’s dividend payout ratio is currently 48.18%.

Target Profile

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

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.