Trillium Asset Management LLC Sells 30,791 Shares of Target Corporation $TGT

Key Points

• Trillium Asset Management cut its Target stake by 45.5%, selling 30,791 shares and retaining 36,847 shares valued at approximately $4.8 million. Institutional investors collectively own 79.73% of Target.
• Target reported strong quarterly results, with revenue up 5.3% year over year to $26.54 billion and EPS of $4.11 versus the $2.35 consensus estimate. Management also set fiscal 2026 EPS guidance at $9.90–$10.90 and raised the quarterly dividend to $1.16 per share.
• Analyst sentiment remains mixed: Target has an average “Hold” rating and a consensus price target of $159.52, while some analysts raised targets following the earnings report. Investors remain cautious because part of the profit improvement benefited from a roughly $994 million tariff refund and the stock’s recent rally has lifted its valuation.

Trillium Asset Management LLC lowered its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 45.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,847 shares of the retailer's stock after selling 30,791 shares during the period. Trillium Asset Management LLC's holdings in Target were worth $4,813,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. WFA of San Diego LLC bought a new stake in shares of Target in the second quarter valued at $25,000. Jessup Wealth Management Inc purchased a new stake in Target during the fourth quarter valued at about $25,000. Richardson Financial Services Inc. purchased a new stake in Target during the second quarter valued at about $26,000. Altshuler Shaham Ltd bought a new position in Target during the fourth quarter worth about $26,000. Finally, MidFirst Bank bought a new position in Target during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 79.73% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TGT shares. KeyCorp reissued a "sector weight" rating on shares of Target in a research report on Thursday. Piper Sandler lifted their price objective on shares of Target from $146.00 to $153.00 and gave the company a "neutral" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $150.00 price objective on shares of Target in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of Target from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Roth Capital restated a "neutral" rating and set a $142.00 target price on shares of Target in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Target has an average rating of "Hold" and a consensus target price of $159.52.

Target Price Performance

TGT stock opened at $158.04 on Friday. The firm has a 50 day moving average of $140.21 and a 200-day moving average of $127.75. The firm has a market capitalization of $71.78 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 2.09 and a beta of 0.97. Target Corporation has a 12 month low of $83.44 and a 12 month high of $161.98. The company has a current ratio of 0.99, a quick ratio of 0.30 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The business had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. Target's revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, sell-side analysts predict that Target Corporation will post 10.4 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This is an increase from Target's previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.9%. Target's dividend payout ratio (DPR) is presently 61.29%.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target reported second-quarter sales of $26.54 billion, up 5.3% year over year and ahead of estimates. Comparable sales rose 3.8%, supported by a 3.6% increase in traffic, while earnings significantly exceeded Wall Street expectations. Target Corporation Reports Second Quarter Earnings
• Positive Sentiment: Management raised its fiscal 2026 outlook, calling for approximately 5% sales growth and EPS of $9.90 to $10.90. Improving traffic, digital sales, merchandising and execution suggest that Target’s turnaround is gaining traction. Target lifts annual forecasts again
• Positive Sentiment: Several analysts raised their price targets following the earnings report. RBC increased its target to $178 and maintained an “outperform” rating, implying meaningful upside, while Citigroup and TD Cowen raised targets to $160. Analyst price-target updates
• Neutral Sentiment: Target’s dividend remains attractive to income investors, with a quarterly payout of $1.16 per share after a recent increase. However, the stock’s roughly 15% one-month rally leaves less room for additional gains if operating momentum slows. Target versus Walmart dividend comparison
• Negative Sentiment: Second-quarter profitability benefited from an approximately $994 million tariff refund. Investors may therefore view part of the earnings beat and upgraded outlook as nonrecurring, raising concerns about the quality and sustainability of underlying profits. Target raises guidance as tariff refunds boost profitability
• Negative Sentiment: Valuation and execution risks are limiting enthusiasm. KeyCorp reaffirmed a “sector weight” rating, while Citi and TD Cowen remain effectively neutral or hold-rated, suggesting analysts believe much of the recovery is already reflected in TGT’s share price. Target valuation analysis

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the company's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider owned 45,930 shares of the company's stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

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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