Target Corporation $TGT Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC cut its holdings in shares of Target Corporation (NYSE:TGT) by 16.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,156 shares of the retailer’s stock after selling 3,460 shares during the period. Inlet Private Wealth LLC’s holdings in Target were worth $2,845,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TGT. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Target during the 3rd quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new stake in Target in the 2nd quarter valued at $26,000. Kimelman & Baird LLC acquired a new stake in Target in the 2nd quarter valued at $26,000. Archer Investment Corp purchased a new stake in Target in the 2nd quarter worth $30,000. Finally, MidFirst Bank acquired a new position in Target during the fourth quarter worth $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 1.0%

Shares of NYSE:TGT opened at $152.40 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $157.79 and a two-hundred day moving average of $140.74. The stock has a market cap of $69.23 billion, a P/E ratio of 15.83, a PEG ratio of 2.85 and a beta of 0.98. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75.

Target (NYSE:TGT) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating the consensus estimate of $2.35 by $1.76. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. Target’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts expect that Target Corporation will post 8.89 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a $1.16 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. Target’s dividend payout ratio is currently 48.18%.

Analysts Set New Price Targets

TGT has been the topic of several recent analyst reports. Jefferies Financial Group increased their price objective on shares of Target from $161.00 to $177.00 and gave the company a “buy” rating in a report on Friday, August 14th. Wall Street Zen upgraded Target from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Roth Capital reissued a “neutral” rating and issued a $142.00 price objective on shares of Target in a research note on Thursday, August 20th. The Goldman Sachs Group restated a “neutral” rating on shares of Target in a report on Friday, September 25th. Finally, Evercore set a $165.00 target price on shares of Target in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Target has an average rating of “Hold” and an average price target of $159.33.

Insider Buying and Selling

In other news, CAO Matthew A. Liegel sold 926 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total transaction of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Melissa K. Kremer sold 15,500 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the completion of the sale, the insider owned 56,981 shares in the company, valued at approximately $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.13% of the company’s stock.

About Target

Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.

Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.