Lido Advisors LLC Sells 216,866 Shares of Target Corporation $TGT

Lido Advisors LLC reduced its stake in Target Corporation (NYSE:TGT) by 79.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,819 shares of the retailer’s stock after selling 216,866 shares during the period. Lido Advisors LLC’s holdings in Target were worth $6,766,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Winning Points Advisors LLC purchased a new stake in shares of Target in the 4th quarter worth about $611,000. Franklin Resources Inc. increased its stake in shares of 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 acquiring an additional 142,937 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of Target by 41.8% in the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer’s stock worth $13,453,000 after acquiring an additional 32,746 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich purchased a new position in Target during the 1st quarter valued at about $6,686,000. Finally, Mather Group LLC. lifted its position in Target by 7.5% during the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock valued at $15,173,000 after acquiring an additional 10,839 shares during the period. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TGT. Freedom Capital cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Wolfe Research upgraded shares of Target from a “peer perform” rating to an “outperform” rating and set a $162.00 target price for the company in a report on Tuesday, June 23rd. Jefferies Financial Group lifted their target price on shares of Target from $140.00 to $161.00 and gave the company a “buy” rating in a report on Friday, June 26th. Guggenheim boosted their price target on Target from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, Barclays restated an “underweight” rating on shares of Target in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average price target of $132.15.

Insiders Place Their Bets

In related news, insider Cara A. Sylvester sold 10,000 shares of the business’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 value of $1,258,900.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Target Stock Performance

Shares of TGT stock opened at $136.85 on Friday. The company has a market capitalization of $62.16 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.63 and a beta of 0.98. 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 Corporation has a one year low of $83.44 and a one year high of $144.40. The company’s 50-day moving average is $130.97 and its 200 day moving average is $121.80.

Target (NYSE:TGT) last issued its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion during 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 revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts expect that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The company 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. This represents a $4.64 annualized dividend and a dividend yield of 3.4%. This is an increase from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is 60.24%.

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.