Target Corporation $TGT Stock Position Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its holdings in shares of Target Corporation (NYSE:TGT) by 18.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,562,344 shares of the retailer’s stock after selling 343,303 shares during the period. Pacer Advisors Inc.’s holdings in Target were worth $189,356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Winning Points Advisors LLC acquired a new position in Target during the 4th quarter valued at about $611,000. Franklin Resources Inc. increased its stake in shares of Target by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after purchasing an additional 142,937 shares during the period. Bogart Wealth LLC increased its stake in shares of Target by 41.8% in the first quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock valued at $13,453,000 after purchasing an additional 32,746 shares during the period. Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Target during the first quarter valued at approximately $6,686,000. Finally, Oak Thistle LLC bought a new position in Target in the 4th quarter worth approximately $1,149,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on TGT shares. Wall Street Zen upgraded Target from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Wells Fargo & Company boosted their price target on Target from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Financial Group increased their price target on Target from $140.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Wolfe Research raised Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price target on the stock in a report on Tuesday, June 23rd. Finally, Piper Sandler restated a “neutral” rating on shares of Target in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $133.48.

Target Price Performance

Shares of NYSE TGT opened at $144.55 on Monday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $147.77. 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 company has a market capitalization of $65.65 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.83 and a beta of 0.96. The firm has a 50-day moving average of $132.87 and a two-hundred day moving average of $123.30.

Target (NYSE:TGT) last posted 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 company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts expect that Target Corporation will post 8.32 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. The ex-dividend date 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 yield of 3.2%. Target’s payout ratio is 60.24%.

Insiders Place Their Bets

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

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.