Cullen Capital Management LLC lowered its holdings in Target Corporation (NYSE:TGT - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,116,467 shares of the retailer's stock after selling 17,777 shares during the period. Cullen Capital Management LLC owned approximately 0.25% of Target worth $145,822,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Winning Points Advisors LLC purchased a new stake in shares of Target in the fourth quarter worth $611,000. Franklin Resources Inc. grew its position in Target by 2.4% during the fourth quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer's stock worth $605,507,000 after buying an additional 142,937 shares in the last quarter. Bogart Wealth LLC increased its stake in Target by 41.8% in the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer's stock worth $13,453,000 after acquiring an additional 32,746 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich bought a new position in Target in the 1st quarter worth about $6,686,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Target in the 4th quarter worth about $27,470,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Target
In related news, CAO Matthew A. Liegel sold 926 shares of the firm's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the transaction, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on TGT. Citigroup lifted their price target on Target from $148.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, August 20th. Wells Fargo & Company upped their price objective on shares of Target from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday. Royal Bank Of Canada raised their target price on shares of Target from $166.00 to $178.00 and gave the company an "outperform" rating in a research note on Thursday, August 20th. Wall Street Zen upgraded shares of Target from a "hold" rating to a "buy" rating in a research report on Saturday, June 6th. Finally, Guggenheim increased their price target on shares of Target from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Target currently has an average rating of "Hold" and an average price target of $159.52.
View Our Latest Stock Report on TGT
Target Price Performance
Shares of Target stock opened at $169.96 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75. The company has a fifty day moving average of $141.55 and a 200-day moving average of $128.55. The stock has a market capitalization of $77.20 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.
Target (NYSE:TGT - Get Free Report) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $1.76. The company 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 firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities research analysts expect that Target Corporation will post 8.84 EPS for the current year.
Target Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is a boost from Target's previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.7%. Target's dividend payout ratio is presently 48.18%.
Target Company Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Target, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Target wasn't on the list.
While Target currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
