26,127 Target Corporation $TGT Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its stake in Target Corporation (NYSE:TGT) by 7.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 347,376 shares of the retailer’s stock after selling 26,127 shares during the period. Pzena Investment Management LLC’s holdings in Target were worth $54,430,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Washington Trust Advisors Inc. lifted its stake in Target by 28.5% during the 3rd quarter. Washington Trust Advisors Inc. now owns 293 shares of the retailer’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. E Fund Management Co. Ltd. increased its position in shares of Target by 4.1% during the second quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after acquiring an additional 68 shares during the period. Avior Wealth Management LLC increased its position in shares of Target by 3.5% during the third quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer’s stock worth $341,000 after acquiring an additional 73 shares during the period. Wynn Capital LLC raised its stake in shares of Target by 0.9% in the second quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after acquiring an additional 79 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of Target by 0.5% in the third quarter. Pinnacle Associates Ltd. now owns 16,069 shares of the retailer’s stock valued at $2,518,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

TGT has been the subject of several analyst reports. Wall Street Zen raised Target from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Weiss Ratings raised Target from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Gordon Haskett decreased their price objective on Target from $200.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Robert W. Baird set a $170.00 price objective on Target in a research report on Thursday, August 20th. Finally, DA Davidson upped their target price on shares of Target from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $161.50.

Target Stock Performance

Shares of Target stock opened at $163.26 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. Target Corporation has a 52 week low of $83.44 and a 52 week high of $170.75. The firm’s 50 day moving average is $156.68 and its two-hundred day moving average is $134.54. The firm has a market capitalization of $74.17 billion, a P/E ratio of 16.95, a P/E/G ratio of 2.86 and a beta of 0.94.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The business had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts forecast that Target Corporation will post 8.91 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a $1.16 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. Target’s payout ratio is 48.18%.

Target Profile

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.