Thrivent Financial for Lutherans Sells 5,020 Shares of Target Corporation $TGT

Thrivent Financial for Lutherans lessened its holdings in shares of Target Corporation (NYSE:TGT) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,084 shares of the retailer’s stock after selling 5,020 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Target were worth $1,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new stake in Target during the 2nd quarter valued at approximately $25,000. Global Wealth Strategies & Associates raised its stake in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Eagle Bay Advisors LLC bought a new stake in Target during the 4th quarter valued at approximately $30,000. Key Financial Inc raised its stake in Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after purchasing an additional 151 shares during the period. Finally, True Wealth Design LLC raised its stake in Target by 168.9% during the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after purchasing an additional 223 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Target from $121.00 to $127.00 and gave the company a “neutral” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. lifted their target price on Target from $120.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. The Goldman Sachs Group lifted their price objective on Target from $112.00 to $127.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Argus set a $150.00 price objective on Target in a research note on Friday, May 22nd. Finally, Telsey Advisory Group lifted their price objective on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Eleven research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $125.93.

Target Stock Performance

NYSE:TGT opened at $128.25 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The stock’s 50 day simple moving average is $123.07 and its two-hundred day simple moving average is $110.49. The company has a market cap of $58.25 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 2.45 and a beta of 1.01.

Target (NYSE:TGT) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The business had revenue of $25.44 billion for the quarter, compared to the consensus estimate of $24.66 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. Target’s payout ratio is currently 60.24%.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.