Savant Capital LLC Sells 7,811 Shares of Target Corporation $TGT

Savant Capital LLC reduced its stake in shares of Target Corporation (NYSE:TGT) by 33.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,197 shares of the retailer’s stock after selling 7,811 shares during the period. Savant Capital LLC’s holdings in Target were worth $1,486,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Valtinson Bruner Financial Planning LLC raised its holdings in Target by 2.6% during the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after buying an additional 92 shares in the last quarter. Auxano Advisors LLC raised its holdings in Target by 3.0% during the fourth quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock valued at $312,000 after buying an additional 93 shares in the last quarter. Neumann Capital Management LLC raised its holdings in Target by 0.8% during the fourth quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock valued at $1,298,000 after buying an additional 100 shares in the last quarter. Binnacle Investments Inc raised its holdings in Target by 11.4% during the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after buying an additional 104 shares in the last quarter. Finally, Mission Wealth Management LP raised its holdings in Target by 1.6% during the fourth quarter. Mission Wealth Management LP now owns 6,937 shares of the retailer’s stock valued at $678,000 after buying an additional 106 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Cara A. Sylvester sold 10,000 shares of the business’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 value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew A. Liegel sold 2,053 shares of the business’s 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 completion of the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by insiders.

Target Stock Down 2.6%

NYSE TGT opened at $123.83 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The stock’s 50 day moving average is $123.74 and its two-hundred day moving average is $111.24. The company has a market capitalization of $56.24 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.48 and a beta of 1.00. Target Corporation has a 1-year low of $83.44 and a 1-year high of $133.10.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The company 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 company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts forecast that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th were issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, May 13th. Target’s payout ratio is presently 60.24%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TGT shares. Barclays restated an “underweight” rating on shares of Target in a report on Monday. Guggenheim reiterated a “buy” rating and issued a $140.00 price objective on shares of Target in a research note on Wednesday, May 20th. Royal Bank Of Canada lifted their price objective on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Roth Mkm reiterated a “neutral” rating and issued a $114.00 price objective on shares of Target in a research note on Friday, May 22nd. Finally, Morgan Stanley lifted their price objective on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $125.93.

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.