Target Corporation $TGT Shares Sold by Allstate Corp

Key Points

• Allstate reduced its Target position by 32.1% in the second quarter, selling 15,229 shares and retaining 32,219 shares valued at approximately $4.21 million. Institutional investors collectively own 79.73% of Target.
• Target reported a strong quarter, with EPS of $4.11 versus the $2.35 consensus and revenue of $26.54 billion, up 5.3% year over year. The company raised fiscal 2026 earnings guidance to $9.90–$10.90 per share.
• Target increased its quarterly dividend from $1.14 to $1.16 per share, representing an annualized dividend of $4.64 and a 2.8% yield. Analysts remain mixed, with an average “Hold” rating and a $159.52 price target.

Allstate Corp reduced its position in Target Corporation (NYSE:TGT - Free Report) by 32.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,219 shares of the retailer's stock after selling 15,229 shares during the period. Allstate Corp's holdings in Target were worth $4,208,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. E Fund Management Co. Ltd. raised its stake in Target by 4.1% during the second 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. Wynn Capital LLC grew 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 valued at $1,104,000 after buying an additional 79 shares during the period. Whipplewood Advisors LLC grew its stake 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 buying an additional 80 shares during the period. Prosperity Consulting Group LLC increased its holdings in shares of Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer's stock worth $300,000 after buying an additional 81 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Target by 3.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer's stock worth $324,000 after buying an additional 82 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Target Stock Down 0.1%

Shares of NYSE TGT opened at $165.35 on Monday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $165.48. The company has a market cap of $75.10 billion, a P/E ratio of 17.17, a P/E/G ratio of 3.34 and a beta of 0.96. 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 stock has a fifty day moving average price of $140.82 and a 200 day moving average price of $128.14.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the prior year, the business posted $2.05 earnings per share. Target's revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts anticipate that Target Corporation will post 8.84 EPS for the current fiscal year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. This is an increase from Target's previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, August 12th. Target's dividend payout ratio is presently 48.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Target from $129.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Wells Fargo & Company upped their price target on Target from $165.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday. Roth Capital restated a "neutral" rating and issued a $142.00 price objective on shares of Target in a report on Thursday. Truist Financial raised their price objective on Target from $147.00 to $167.00 and gave the stock a "hold" rating in a report on Thursday. Finally, Argus set a $150.00 price objective on Target in a research note on Friday, May 22nd. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $159.52.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds
• Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic
• Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets
• Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook.
• Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability
• Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism.

Target Profile

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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