Ibex Wealth Advisors Purchases Shares of 42,961 Target Corporation $TGT

Ibex Wealth Advisors acquired a new stake in shares of Target Corporation (NYSE:TGT) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 42,961 shares of the retailer’s stock, valued at approximately $3,854,000.

Several other large investors have also recently bought and sold shares of TGT. Pin Oak Investment Advisors Inc. raised its holdings in Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after buying an additional 98 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in Target by 0.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock worth $1,738,000 after purchasing an additional 100 shares in the last quarter. Binnacle Investments Inc lifted its stake in shares of Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after buying an additional 104 shares during the last quarter. IFG Advisory LLC increased its holdings in Target by 1.4% in the 2nd quarter. IFG Advisory LLC now owns 7,387 shares of the retailer’s stock valued at $729,000 after buying an additional 105 shares during the period. Finally, Empirical Finance LLC grew its position in Target by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 16,271 shares of the retailer’s stock worth $1,605,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Wells Fargo raised its price target to $130 and reiterated an “overweight” rating, signaling a sizable upside vs. current levels and offering a strong analyst vote of confidence for the stock. Benzinga
• Positive Sentiment: Target announced it will sell only cereals made without certified synthetic colors by the end of May — a retailer-leading move that supports merchandising authority, ESG positioning, and could strengthen brand perception. PR Newswire
• Positive Sentiment: Target and Roller Rabbit will launch an exclusive spring collection (250+ items) to drive traffic and seasonal sales — a merchandising collaboration that may support comp trends if it resonates with customers. PR Newswire
• Neutral Sentiment: JPMorgan raised its price target to $115 but kept a “neutral” rating — a modest upward revision that offers some support but stops short of a bullish endorsement. Benzinga TickerReport
• Neutral Sentiment: Zacks commentary and multiple analyst pieces flag Target as a “trending” / value candidate ahead of results — useful for investors evaluating relative valuation and estimates but not an immediate catalyst. Zacks
• Negative Sentiment: Bank of America initiated coverage with an “underperform” rating and $103 price target — a fresh analyst downside that adds selling pressure and gives investors a lower-conviction view. Finviz
• Negative Sentiment: Sanford C. Bernstein cut its price target to $91 and kept an “underperform” stance, representing a material downside and reinforcing a segment of analyst skepticism about near-term performance. Benzinga
• Negative Sentiment: Reuters reports growing investor agitation and leadership scrutiny tied to merchandising and policy decisions over the past three years — governance concerns can pressure the stock if activists push for changes or if execution missteps persist. Reuters

Target Stock Down 1.0%

Shares of TGT opened at $113.70 on Friday. The firm has a market cap of $51.48 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 11.68 and a beta of 1.14. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. Target Corporation has a 52 week low of $83.44 and a 52 week high of $127.06. The firm’s 50-day simple moving average is $107.74 and its 200 day simple moving average is $97.83.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, February 11th. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. Target’s dividend payout ratio is presently 55.34%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TGT shares. Robert W. Baird decreased their target price on Target from $100.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. BMO Capital Markets lowered their price objective on shares of Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research report on Thursday, November 20th. Argus lowered their price objective on shares of Target from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, December 1st. DA Davidson set a $120.00 target price on Target in a report on Monday, January 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a $125.00 price target on shares of Target in a report on Thursday, January 15th. Ten equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Target has a consensus rating of “Hold” and a consensus price target of $107.24.

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.