Trillium Asset Management LLC Sells 10,266 Shares of Target Corporation $TGT

Trillium Asset Management LLC cut its holdings in Target Corporation (NYSE:TGT) by 12.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,421 shares of the retailer’s stock after selling 10,266 shares during the period. Trillium Asset Management LLC’s holdings in Target were worth $6,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Target by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after buying an additional 286,499 shares during the period. State Street Corp boosted its holdings in Target by 2.5% in the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after buying an additional 911,964 shares during the period. Franklin Resources Inc. boosted its holdings in Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after buying an additional 142,937 shares during the period. Norges Bank bought a new position in Target in the 4th quarter valued at $587,903,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Target by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after purchasing an additional 122,300 shares during the period. 79.73% of the stock is owned by institutional investors.

Target Stock Performance

Target stock opened at $135.29 on Friday. The firm’s fifty day moving average price is $125.42 and its 200-day moving average price is $113.50. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. The stock has a market cap of $61.45 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 2.59 and a beta of 1.00. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $136.14.

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 firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts expect that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 3.4%. Target’s dividend payout ratio is 60.24%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TGT. Guggenheim upped their price target on shares of Target from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday. Argus set a $150.00 price objective on Target in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $123.00 target price on shares of Target in a research report on Friday, May 15th. Telsey Advisory Group upped their target price on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, BMO Capital Markets raised their price target on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $126.11.

Insider Buying and Selling at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction 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 sale, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

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.