Caisse de depot et placement du Quebec Sells 179,315 Shares of Target Corporation $TGT

Caisse de depot et placement du Quebec decreased its position in Target Corporation (NYSE:TGT) by 22.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 626,977 shares of the retailer’s stock after selling 179,315 shares during the period. Caisse de depot et placement du Quebec’s holdings in Target were worth $81,889,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. WFA of San Diego LLC acquired a new position in Target in the second quarter valued at about $25,000. Jessup Wealth Management Inc acquired a new stake in shares of Target during the fourth quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Target during the fourth quarter worth about $26,000. Richardson Financial Services Inc. bought a new position in shares of Target during the 2nd quarter valued at about $26,000. Finally, MidFirst Bank bought a new position in shares of Target during the 4th quarter valued at about $31,000. Institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In related news, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the transaction, the insider owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. This trade represents 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 this hyperlink. Also, CAO Matthew A. 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 transaction of $151,410.26. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company’s stock.

Target Stock Up 1.1%

NYSE:TGT opened at $165.80 on Friday. The stock has a 50-day simple moving average of $143.57 and a 200 day simple moving average of $129.63. Target Corporation has a 52-week low of $83.44 and a 52-week high of $170.75. The company has a market cap of $75.30 billion, a PE ratio of 17.22, a PEG ratio of 3.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the previous year, the business posted $2.05 EPS. The business’s quarterly 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. On average, sell-side analysts expect that Target Corporation will post 8.84 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a $1.16 dividend. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is presently 48.18%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TGT shares. Wells Fargo & Company increased their target price on Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. The Goldman Sachs Group lifted their price target on shares of Target from $127.00 to $161.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Jefferies Financial Group upped their price target on shares of Target from $161.00 to $177.00 and gave the company a “buy” rating in a report on Friday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Target in a research report on Friday, July 31st. Finally, Truist Financial raised their price objective on shares of Target from $147.00 to $167.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and a consensus target price of $159.52.

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.