Insiders Are Selling These 5 Retail Stocks

4. Target Corp (NYSE:TGT)

Number of Hedge Fund Investors: 58

Target CEO Brian Cornell  on March 11 sold 45,000 shares of the company at $167.52 per share. Since March 11 TGT shares have gained about 5.43%.

Diamond Hill Large Cap Strategy stated the following regarding Target Corporation (NYSE:TGT) in its fourth quarter 2023 investor letter:

Other top contributors in Q4 included Allstate, American International Group (AIG) and Target Corporation (NYSE:TGT). US-based mass retailer Target is capitalizing on cleaner inventory, lower freight costs and improved efficiency to improve profitability — and investors rewarded shares accordingly in Q4.