Inlet Private Wealth LLC Sells 4,784 Shares of Target Corporation $TGT

Inlet Private Wealth LLC lessened its stake in shares of Target Corporation (NYSE:TGT) by 18.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,791 shares of the retailer’s stock after selling 4,784 shares during the period. Inlet Private Wealth LLC’s holdings in Target were worth $2,130,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP raised its holdings in Target by 10.9% during the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after acquiring an additional 124,371 shares in the last quarter. CWM LLC raised its holdings in Target by 41.5% during the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after acquiring an additional 11,378 shares in the last quarter. Twelve Points Wealth Management LLC bought a new stake in Target during the third quarter worth about $1,236,000. LJI Wealth Management LLC increased its position in Target by 446.4% during the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after buying an additional 19,474 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY increased its position in Target by 12.3% during the third quarter. Matrix Asset Advisors Inc. NY now owns 177,721 shares of the retailer’s stock worth $15,942,000 after buying an additional 19,492 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the company’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 transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% 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 link. Insiders own 0.16% of the company’s stock.

Target Price Performance

Target stock opened at $122.27 on Tuesday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The stock’s 50 day moving average is $115.42 and its 200-day moving average is $101.92. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $55.37 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 5.01 and a beta of 1.03.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the prior year, the business earned $2.41 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. Target’s dividend payout ratio is presently 56.09%.

Analyst Ratings Changes

A number of brokerages have weighed in on TGT. Bank of America began 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. JPMorgan Chase & Co. boosted their price target on Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. BMO Capital Markets boosted their price target on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Evercore set a $105.00 price target on Target in a research report on Tuesday, February 17th. Finally, Mizuho set a $120.00 price target on Target in a research report on Thursday, March 5th. Eleven research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $116.32.

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.