Insider Selling: Target (NYSE:TGT) Insider Sells $2,634,380.00 in Stock

Target Corporation (NYSE:TGT) insider Melissa Kremer sold 15,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 56,981 shares of the company’s stock, valued at $9,684,490.76. The trade was a 21.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Target Price Performance

Shares of TGT stock opened at $163.14 on Friday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $170.75. The firm’s 50 day moving average is $144.21 and its 200-day moving average is $129.86. The firm has a market capitalization of $74.10 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 3.09 and a beta of 0.97. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT) last released its quarterly 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. The business had revenue of $26.54 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Target had a net margin of 4.08% and a return on equity of 23.23%. Target’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Sell-side analysts forecast that Target Corporation will post 8.84 EPS for the current fiscal year.

Target Increases Dividend

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

Institutional Trading of Target

Several institutional investors and hedge funds have recently made changes to their positions in TGT. WFA of San Diego LLC bought a new position in shares of Target in the 2nd quarter worth $25,000. Jessup Wealth Management Inc bought a new stake in Target in the fourth quarter valued at about $25,000. Richardson Financial Services Inc. bought a new stake in Target in the second quarter valued at about $26,000. Kimelman & Baird LLC acquired a new position in Target in the second quarter valued at about $26,000. Finally, Altshuler Shaham Ltd acquired a new position in Target in the fourth quarter valued at about $26,000. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TGT shares. Royal Bank Of Canada boosted their target price on Target from $166.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Target in a report on Friday, July 31st. Citigroup lifted their price objective on Target from $148.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, August 20th. Wolfe Research set a $169.00 price objective on Target in a report on Monday, August 3rd. Finally, Piper Sandler upped their target price on shares of Target from $146.00 to $153.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Target presently has a consensus rating of “Hold” and an average price target of $159.52.

Target Company 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.