Target (NYSE:TGT) Insider Sells $1,258,900.00 in Stock

Key Points

• Target insider sale: Executive Cara Sylvester sold 10,000 shares on May 29 at an average price of $125.89, totaling about $1.26 million. After the sale, she still held 45,930 shares, reducing her ownership by 17.88%.
• Strong quarterly results: Target recently reported Q1 EPS of $1.71, beating estimates of $1.47, on revenue of $25.44 billion versus expectations of $24.66 billion. Revenue rose 6.7% year over year.
• Dividend and outlook: The company declared a quarterly dividend of $1.14 per share, implying a 3.7% yield, while analysts currently rate the stock a consensus Hold with a price target of $125.93.

Target Corporation (NYSE:TGT - Get Free Report) insider Cara 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 completion of the transaction, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Target Stock Performance

Shares of NYSE TGT traded down $3.25 during mid-day trading on Monday, hitting $123.83. The stock had a trading volume of 4,858,859 shares, compared to its average volume of 6,039,613. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The company has a 50 day moving average of $123.56 and a two-hundred day moving average of $111.01. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. The firm has a market cap of $56.24 billion, a PE ratio of 16.36, a PEG ratio of 2.48 and a beta of 1.00.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm's revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts predict that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, May 13th. Target's dividend payout ratio (DPR) is currently 60.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial increased their price target on Target from $123.00 to $130.00 and gave the stock a "hold" rating in a research report on Wednesday, May 20th. Bank of America assumed coverage on Target in a research report on Friday, February 27th. They set an "underperform" rating and a $103.00 price target on the stock. Oppenheimer increased their price target on Target from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. increased their price target on Target from $120.00 to $129.00 and gave the stock a "neutral" rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group increased their price target on Target from $112.00 to $127.00 and gave the stock a "neutral" rating in a research report on Thursday, May 21st. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $125.93.

Institutional Investors Weigh In On Target

Institutional investors have recently modified their holdings of the business. First Trust Advisors LP lifted its stake in Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer's stock worth $113,702,000 after purchasing an additional 124,371 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Target by 15.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer's stock valued at $30,721,000 after purchasing an additional 45,803 shares during the last quarter. Mather Group LLC. increased its holdings in Target by 7.5% in the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer's stock valued at $15,173,000 after purchasing an additional 10,839 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Target by 20.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 175,443 shares of the retailer's stock valued at $18,322,000 after purchasing an additional 30,363 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in Target in the 4th quarter valued at approximately $1,149,000. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Company 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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