4,108,632 Target Corporation $TGT Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lessened its stake in Target Corporation (NYSE:TGT) by 99.8% in the third quarter, HoldingsChannel reports. The firm owned 6,587 shares of the retailer’s stock after selling 4,108,632 shares during the period. Curated Wealth Partners LLC’s holdings in Target were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. E Fund Management Co. Ltd. lifted its holdings in shares of Target by 4.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock valued at $228,000 after buying an additional 68 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Target by 3.5% in the 3rd quarter. Avior Wealth Management LLC now owns 2,173 shares of the retailer’s stock worth $341,000 after buying an additional 73 shares during the last quarter. Wynn Capital LLC boosted its stake in shares of Target by 0.9% in the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock worth $1,104,000 after buying an additional 79 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Target by 16.0% in the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after acquiring an additional 80 shares during the period. Finally, Prosperity Consulting Group LLC grew its holdings in shares of Target by 3.4% in the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after acquiring an additional 81 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Melissa Kremer sold 15,500 shares of Target stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew Liegel sold 926 shares of Target stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the transaction, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by company insiders.

Target Stock Up 0.9%

TGT opened at $156.66 on Friday. The firm’s 50 day simple moving average is $157.67 and its two-hundred day simple moving average is $139.80. The company has a market capitalization of $71.17 billion, a PE ratio of 18.51, a PEG ratio of 2.88 and a beta of 0.98. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter last year, the company posted $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. As a group, equities analysts forecast that Target Corporation will post 8.89 EPS for the current year.

Target Announces Dividend

The business also recently announced 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. This represents a $4.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. Target’s dividend payout ratio (DPR) is currently 48.18%.

Analysts Set New Price Targets

A number of analysts recently commented on TGT shares. Robert W. Baird set a $170.00 price objective on Target in a research report on Thursday, August 20th. UBS Group increased their target price on Target from $166.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Bank of America reissued an “underperform” rating and issued a $124.00 target price (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. Evercore set a $165.00 target price on Target in a research report on Tuesday. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Target in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $159.33.

Target Company Profile

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

Target offers private-label brands alongside national brands and provides services such as Order Pickup, Drive Up and same-day delivery through Shipt.