12,004 Target Corporation $TGT Shares Sold by Vest Financial LLC

Key Points

• Vest Financial LLC reduced its Target stake by 3.3%, selling 12,004 shares and retaining 355,585 shares valued at approximately $55.7 million. Institutional investors collectively own 79.73% of Target.
• Target reported quarterly EPS of $4.11, well above the $2.35 analyst estimate, while revenue rose 5.3% year over year to $26.54 billion. The company issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Target declared a quarterly dividend of $1.16 per share, equivalent to a 3.0% annual yield. Analysts maintain a consensus “Hold” rating with an average price target of $159.33, compared with shares opening at $152.40.

Vest Financial LLC trimmed its holdings in Target Corporation (NYSE:TGT - Free Report) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 355,585 shares of the retailer's stock after selling 12,004 shares during the quarter. Vest Financial LLC owned about 0.08% of Target worth $55,717,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TGT. E Fund Management Co. Ltd. lifted its stake in shares of Target by 4.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer's stock worth $228,000 after purchasing an additional 68 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Target by 3.5% in the third quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer's stock worth $341,000 after buying an additional 73 shares during the last quarter. Wynn Capital LLC boosted its stake in shares of Target by 0.9% during the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer's stock worth $1,104,000 after acquiring an additional 79 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Target by 0.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 16,069 shares of the retailer's stock valued at $2,518,000 after acquiring an additional 79 shares during the period. Finally, Whipplewood Advisors LLC grew its position in shares of Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer's stock valued at $70,000 after acquiring an additional 80 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Trading Down 1.0%

Shares of TGT opened at $152.40 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75. The company has a 50 day simple moving average of $157.79 and a two-hundred day simple moving average of $140.74. The firm has a market cap of $69.23 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98.

Target (NYSE:TGT - Get Free Report) last released 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. The firm had revenue of $26.54 billion for the quarter, compared to analysts' expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts expect that Target Corporation will post 8.89 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be given a dividend of $1.16 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 annualized dividend and a yield of 3.0%. Target's dividend payout ratio (DPR) is 48.18%.

Analyst Ratings Changes

Several equities research analysts have recently commented on TGT shares. Zacks Research upgraded Target from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. TD Cowen lifted their price objective on Target from $155.00 to $160.00 and gave the company a "hold" rating in a research report on Thursday, August 20th. Sanford C. Bernstein reiterated a "market perform" rating and set a $154.00 price objective on shares of Target in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft set a $150.00 price objective on Target in a research note on Thursday, August 20th. Finally, Barclays increased their target price on shares of Target from $115.00 to $140.00 and gave the stock an "underweight" rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $159.33.

Insider Buying and Selling at Target

In other Target news, insider Melissa Kremer sold 15,500 shares of Target 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 completion of the transaction, the insider directly owned 56,981 shares of the company's stock, valued at $9,684,490.76. This trade represents a 21.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Matthew Liegel sold 926 shares of the business's 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 completion of the sale, the chief accounting officer owned 12,266 shares in the company, valued at approximately $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by company insiders.

About Target

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.

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