Target Corporation $TGT Shares Sold by State Street Corp

Key Points

• State Street reduced its Target stake by 3.8% in the second quarter, selling 1.44 million shares while retaining 36.05 million shares worth approximately $4.71 billion. Institutional investors collectively own 79.73% of Target.
• Target reported strong quarterly results, with EPS of $4.11 versus the $2.35 consensus and revenue of $26.54 billion, up 5.3% year over year. The company issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Target shares rose 1.1% to $159.41, near the analyst consensus price target of $159.52. Analyst opinion remains mixed, with 11 Buy, 18 Hold, and 3 Sell ratings.

State Street Corp reduced its position in shares of Target Corporation (NYSE:TGT - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,049,727 shares of the retailer's stock after selling 1,439,429 shares during the period. State Street Corp owned 7.94% of Target worth $4,708,455,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Target during the second quarter worth approximately $107,000. Community Bank of Raymore boosted its stake in Target by 14.3% during the 2nd quarter. Community Bank of Raymore now owns 9,940 shares of the retailer's stock worth $1,298,000 after purchasing an additional 1,240 shares during the last quarter. National Pension Service grew its holdings in shares of Target by 1.9% during the second quarter. National Pension Service now owns 960,066 shares of the retailer's stock worth $125,394,000 after buying an additional 18,284 shares in the last quarter. Engineers Gate Manager LP grew its holdings in shares of Target by 4,119.2% during the second quarter. Engineers Gate Manager LP now owns 372,558 shares of the retailer's stock worth $48,660,000 after buying an additional 363,728 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its position in shares of Target by 1.6% in the second quarter. Cidel Asset Management Inc. now owns 11,693 shares of the retailer's stock valued at $1,527,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Insider Transactions at Target

In other Target news, insider Melissa K. Kremer sold 15,500 shares of the 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 transaction, the insider owned 56,981 shares of the company's stock, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew A. 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 transaction of $151,410.26. Following the sale, the chief accounting officer owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. This 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 currently owned by company insiders.

Target Trading Up 1.1%

Shares of NYSE TGT traded up $1.70 during midday trading on Tuesday, reaching $159.41. 772,646 shares of the stock were exchanged, compared to its average volume of 5,250,905. The company has a 50 day simple moving average of $152.76 and a 200 day simple moving average of $134.98. The stock has a market capitalization of $72.42 billion, a P/E ratio of 16.59, a PEG ratio of 2.94 and a beta of 0.99. 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 twelve month low of $83.44 and a twelve month high of $170.75.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 23.23% and a net margin of 4.08%.The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts expect that Target Corporation will post 8.85 earnings per share for the current year.

Wall Street Analyst Weigh In

TGT has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of Target from $166.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Truist Financial raised their target price on shares of Target from $147.00 to $167.00 and gave the stock a "hold" rating in a research note on Thursday, August 20th. Evercore set a $170.00 target price on Target in a report on Thursday, August 20th. Wall Street Zen upgraded Target from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 5th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $124.00 price target (up from $110.00) on shares of Target in a report on Wednesday, August 12th. Eleven equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $159.52.

About Target

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

The company traces its history to the Dayton Company, founded in Minneapolis in 1902.

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