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MINNEAPOLIS—Brian C. Cornell, Executive Officer and Director of Target Corp (NYSE:TGT), reported selling 45,000 shares of the company’s common stock on March 11, according to a recent SEC filing. The transaction comes as Target, a prominent player in the Consumer Staples Distribution & Retail industry with a market capitalization of $48.8 billion, trades near its 52-week low. The shares were sold at an average price of approximately $113.37, totaling about $5.1 million. Following this transaction, Cornell holds 258,843 shares indirectly through a trust and 77,343 shares directly. Additionally, Cornell maintains 469.5677 shares in Target’s 401(k) Plan. The stock, which has declined about 23% over the past six months, currently trades at a P/E ratio of 12.1 and offers a dividend yield of nearly 4%, supported by 54 consecutive years of dividend increases. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report covering Target’s financial health and growth prospects.
In other recent news, Target Corporation has declared a quarterly dividend of $1.12 per share, marking its 231st consecutive payout since going public in 1967. This announcement underscores Target’s ongoing commitment to shareholder returns. Meanwhile, UBS has adjusted its price target for Target to $155, down from $170, while maintaining a Buy rating. The adjustment is attributed to fluctuating demand trends, though UBS remains optimistic about Target’s strategic investments to improve its operations. Similarly, CFRA has revised its price target to $147, maintaining a Buy rating as well. CFRA’s analysis suggests that Target’s valuation gap presents an attractive entry point for investors, with potential for expansion in its digital advertising and marketplace initiatives.
RBC Capital Markets has also reduced its price target for Target to $151, retaining an Outperform rating. The revision reflects sluggish sales and potential tariff impacts, though RBC views the long-term outlook positively. In contrast, BMO Capital Markets has maintained its Market Perform rating with a price target of $120, following Target’s 2025 analyst day. BMO’s analysis points to a mixed forecast, highlighting uncertainties such as tariffs and a lack of quarterly guidance. These recent developments offer a comprehensive view of Target’s current financial and strategic positioning in the market.
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