Target Corporation $TGT Stake Lowered by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in shares of Target Corporation (NYSE:TGT) by 63.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 34,703 shares of the retailer’s stock after selling 59,021 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Target were worth $4,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new stake in shares of Target in the 2nd quarter worth about $25,000. Jessup Wealth Management Inc acquired a new position in Target during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new position in Target during the 4th quarter valued at about $26,000. Global Wealth Strategies & Associates grew its position in Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in Target in the 4th quarter worth about $30,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TGT shares. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research note on Friday, June 12th. Telsey Advisory Group increased their price target on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Argus set a $150.00 price target on Target in a report on Friday, May 22nd. Sanford C. Bernstein restated a “market perform” rating on shares of Target in a research note on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Target has a consensus rating of “Hold” and a consensus target price of $130.64.

Insiders Place Their Bets

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Target Price Performance

NYSE TGT opened at $130.31 on Monday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $142.82. The business’s fifty day moving average is $128.22 and its two-hundred day moving average is $117.99. The stock has a market capitalization of $59.19 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $24.66 billion. During the same quarter last year, the company posted $1.30 EPS. Target’s revenue for the quarter was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts forecast that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a $1.16 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.6%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio (DPR) is currently 60.24%.

Target Profile

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.