Amundi Trims Position in Target Corporation $TGT

Amundi lessened its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 8.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,594,728 shares of the retailer's stock after selling 240,245 shares during the quarter. Amundi owned approximately 0.57% of Target worth $338,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA of San Diego LLC purchased a new position in Target during the 2nd quarter valued at $25,000. Jessup Wealth Management Inc purchased a new stake in shares of Target in the 4th quarter worth about $25,000. Richardson Financial Services Inc. bought a new stake in shares of Target during the 2nd quarter valued at about $26,000. Kimelman & Baird LLC bought a new stake in shares of Target during the 2nd quarter valued at about $26,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of Target during the fourth quarter valued at about $26,000. Hedge funds and other institutional investors own 79.73% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TGT. Wells Fargo & Company increased their price target on shares of Target from $165.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Robert W. Baird set a $170.00 price objective on Target in a research report on Thursday, August 20th. Evercore set a $170.00 target price on Target in a report on Thursday, August 20th. DA Davidson increased their target price on Target from $170.00 to $185.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Finally, Freedom Capital cut Target from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Target currently has a consensus rating of "Hold" and a consensus target price of $159.52.

Insider Transactions at Target

In other Target news, CAO Matthew Liegel sold 926 shares of Target stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total value 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. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Melissa Kremer sold 15,500 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the transaction, the insider owned 56,981 shares in the company, valued at approximately $9,684,490.76. This represents a 21.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by company insiders.

Target Trading Down 0.2%

NYSE TGT opened at $164.15 on Tuesday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The stock has a market cap of $74.57 billion, a P/E ratio of 17.05, a P/E/G ratio of 3.06 and a beta of 0.99. The stock's fifty day moving average price is $147.45 and its 200-day moving average price is $132.02. 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 (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate of $2.35 by $1.76. The firm had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.The company's revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts forecast that Target Corporation will post 8.85 EPS for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were paid a dividend of $1.16 per share. The ex-dividend date was Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. This is an increase from Target's previous quarterly dividend of $1.14. Target's dividend payout ratio (DPR) is 48.18%.

About Target

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.

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