Target Corporation $TGT Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its position in Target Corporation (NYSE:TGT) by 76.4% during the third quarter, Holdings Channel.com reports. The firm owned 11,373 shares of the retailer’s stock after selling 36,721 shares during the quarter. International Assets Investment Management LLC’s holdings in Target were worth $1,782,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Target during the 2nd quarter valued at $5,054,604,000. Bank of New York Mellon Corp acquired a new position in shares of Target during the second quarter valued at about $831,466,000. Dimensional Fund Advisors LP increased its position in shares of Target by 8.2% during the first quarter. Dimensional Fund Advisors LP now owns 5,413,840 shares of the retailer’s stock worth $656,091,000 after acquiring an additional 411,608 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Target by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 4,575,880 shares of the retailer’s stock worth $597,656,000 after acquiring an additional 82,268 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Target by 12.9% in the 2nd 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 acquiring an additional 514,155 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of TGT stock opened at $158.16 on Monday. The firm has a 50-day moving average of $156.41 and a 200-day moving average of $135.02. The company has a market cap of $71.85 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.93 and a beta of 0.94. 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 Corporation has a one year low of $83.44 and a one year high of $170.75.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating 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 company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period last year, the firm earned $2.05 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Equities research analysts forecast that Target Corporation will post 8.91 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 2.9%. Target’s dividend payout ratio (DPR) is currently 48.18%.

Insider Activity at Target

In other news, insider Melissa Kremer sold 15,500 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $169.96, for a total value of $2,634,380.00. Following the transaction, the insider owned 56,981 shares in the company, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew Liegel sold 926 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. The trade was a 7.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TGT shares. Argus raised their price target on shares of Target from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Piper Sandler boosted their price objective on Target from $146.00 to $153.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Morgan Stanley reissued an “overweight” rating and set a $150.00 price objective (up from $145.00) on shares of Target in a report on Thursday, August 20th. UBS Group increased their price objective on Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Bank of America restated an “underperform” rating and issued a $124.00 target price (up from $110.00) on shares of Target in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $161.50.

Target Company Profile

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands.

The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States.

The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.