Calamos Advisors LLC Sells 3,903 Shares of Target Corporation $TGT

Calamos Advisors LLC decreased its position in Target Corporation (NYSE:TGT) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,138 shares of the retailer’s stock after selling 3,903 shares during the period. Calamos Advisors LLC’s holdings in Target were worth $9,397,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. WFA of San Diego LLC bought a new position in Target during the second quarter worth about $25,000. Global Wealth Strategies & Associates boosted its holdings in Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Target during the fourth quarter worth about $30,000. Tripletail Wealth Management LLC bought a new position in Target during the third quarter worth about $31,000. Finally, Key Financial Inc boosted its holdings in Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after buying an additional 151 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler raised their target price on Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Bank of America assumed coverage on Target in a report on Friday, February 27th. They set an “underperform” rating and a $103.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 target price on shares of Target in a report on Wednesday, March 4th. Truist Financial raised their target price on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Finally, Oppenheimer raised 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. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $117.39.

Target Trading Down 0.8%

NYSE TGT opened at $129.07 on Friday. The firm has a market cap of $58.45 billion, a P/E ratio of 15.88, a P/E/G ratio of 5.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The stock’s 50-day moving average is $119.53 and its 200-day moving average is $105.42. Target Corporation has a one year low of $83.44 and a one year high of $133.10.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The company had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts anticipate that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. Target’s dividend payout ratio (DPR) is currently 56.09%.

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.