International Assets Investment Management LLC Sells 4,284 Shares of Target Corporation $TGT

International Assets Investment Management LLC trimmed its holdings in Target Corporation (NYSE:TGT) by 19.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,246 shares of the retailer’s stock after selling 4,284 shares during the period. International Assets Investment Management LLC’s holdings in Target were worth $2,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. ARQ Wealth Advisors LLC acquired a new stake in Target during the first quarter worth approximately $255,000. Diversify Wealth Management LLC bought a new position in Target in the first quarter valued at approximately $502,000. Carnegie Investment Counsel raised its holdings in shares of Target by 11.3% during the 1st quarter. Carnegie Investment Counsel now owns 36,677 shares of the retailer’s stock worth $4,445,000 after buying an additional 3,734 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in Target by 1.3% during the first quarter. 180 Wealth Advisors LLC now owns 32,744 shares of the retailer’s stock worth $3,969,000 after acquiring an additional 431 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in Target by 7.2% during the 1st quarter. Citizens Financial Group Inc. RI now owns 11,434 shares of the retailer’s stock worth $1,386,000 after purchasing an additional 768 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent research reports. Truist Financial upped their target price on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Wells Fargo & Company lifted their target price on shares of Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded Target from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a report on Thursday, June 11th. Finally, Citigroup increased their price objective on shares of Target from $117.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Twelve equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $130.64.

Target Stock Performance

Shares of TGT opened at $134.94 on Monday. The firm has a market capitalization of $61.29 billion, a P/E ratio of 17.83, a P/E/G ratio of 2.64 and a beta of 0.98. The stock has a 50 day moving average price of $128.40 and a two-hundred day moving average price of $119.16. Target Corporation has a 52 week low of $83.44 and a 52 week high of $142.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.4%. Target’s dividend payout ratio (DPR) is 61.29%.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

About Target

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.