Target Corporation $TGT Stake Lessened by NorthRock Partners LLC

NorthRock Partners LLC cut its stake in Target Corporation (NYSE:TGT) by 25.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 20,563 shares of the retailer’s stock after selling 6,865 shares during the period. NorthRock Partners LLC’s holdings in Target were worth $2,686,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. E Fund Management Co. Ltd. increased its position in shares of Target by 4.1% in the 2nd quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after purchasing an additional 68 shares during the last quarter. Wynn Capital LLC lifted its position in shares of Target by 0.9% during the second quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock worth $1,104,000 after purchasing an additional 79 shares during the last quarter. Whipplewood Advisors LLC lifted its position in shares of Target by 16.0% during the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after purchasing an additional 80 shares during the last quarter. Prosperity Consulting Group LLC lifted its position in shares of Target by 3.4% during the first quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after purchasing an additional 81 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Target by 3.4% in the second quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after purchasing an additional 82 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Stock Performance

Shares of TGT stock opened at $157.63 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average of $148.64 and a two-hundred day moving average of $132.65. 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 $71.61 billion, a P/E ratio of 16.37, a PEG ratio of 3.03 and a beta of 0.99.

Target (NYSE:TGT) last announced its quarterly 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. The business had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, analysts anticipate that Target Corporation will post 8.85 EPS for the current year.

Insiders Place Their Bets

In other Target news, insider Melissa K. Kremer sold 15,500 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 56,981 shares in the company, 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 filing with the SEC, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 926 shares of the business’s 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 transaction, the chief accounting officer directly owned 12,266 shares of the company’s stock, valued at approximately $2,005,613.66. This trade represents 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 corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on TGT shares. Robert W. Baird set a $170.00 price objective on Target in a report on Thursday, August 20th. BMO Capital Markets increased their target price on Target from $150.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. UBS Group lifted their target price on Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Bank of America reiterated an “underperform” rating and issued a $124.00 price target (up from $110.00) on shares of Target in a report on Wednesday, August 12th. Finally, Oppenheimer upped their price target on Target from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $159.52.

Target Company Profile

Target Corporation is a general merchandise retailer that operates stores and digital shopping channels across the United States. Its assortment includes apparel and accessories, beauty products, home furnishings and décor, electronics, toys, sporting goods, household essentials, groceries and other everyday merchandise.

Target offers a combination of in-store and digital services, including order pickup, Drive Up and same-day delivery through Shipt. The company also develops and sells a broad portfolio of owned brands, while offering national-brand products and merchandise through a range of seasonal and specialty categories.

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