Target Corporation $TGT Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its position in Target Corporation (NYSE:TGT) by 2.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,266,868 shares of the retailer’s stock after selling 35,220 shares during the quarter. ProShare Advisors LLC’s holdings in Target were worth $198,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Target during the 2nd quarter worth about $5,054,604,000. Bank of New York Mellon Corp bought a new position in Target during the second quarter worth $831,466,000. Dimensional Fund Advisors LP lifted its stake in shares of Target by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock valued at $656,091,000 after purchasing an additional 411,608 shares during the period. Bank of America Corp DE grew its position in shares of Target by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock worth $597,656,000 after buying an additional 82,268 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Target by 12.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,514,522 shares of the retailer’s stock worth $589,642,000 after purchasing an additional 514,155 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Trading Up 1.2%

Shares of TGT stock opened at $153.70 on Friday. The firm has a fifty day moving average price of $157.12 and a 200-day moving average price of $133.81. The company has a market cap of $69.83 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 2.86 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 debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36.

Target (NYSE:TGT) last issued its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. Target’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts predict 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 paid 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 3.0%. Target’s payout ratio is 48.18%.

Analyst Ratings Changes

A number of research firms have recently weighed in on TGT. Telsey Advisory Group raised their target price on Target from $170.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Guggenheim lifted their price target on shares of Target from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Bank of America reaffirmed an “underperform” rating and set a $124.00 price objective (up from $110.00) on shares of Target in a report on Wednesday, August 12th. Truist Financial increased their target price on Target from $147.00 to $167.00 and gave the stock a “hold” rating in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Target in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $159.33.

Insider Buying and Selling at Target

In other news, CAO Matthew 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 sale, the chief accounting officer owned 12,266 shares in the company, valued at approximately $2,005,613.66. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Melissa Kremer sold 15,500 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 56,981 shares in the company, valued at $9,684,490.76. This trade represents a 21.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by insiders.

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.