Target Corporation $TGT Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its position in Target Corporation (NYSE:TGT) by 18.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,051,511 shares of the retailer’s stock after selling 1,343,900 shares during the quarter. Franklin Resources Inc.’s holdings in Target were worth $542,820,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares during the period. Woodline Partners LP lifted its stake in Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after acquiring an additional 11,047 shares during the period. Penserra Capital Management LLC lifted its stake in Target by 27.1% during the 2nd quarter. Penserra Capital Management LLC now owns 8,559 shares of the retailer’s stock valued at $843,000 after acquiring an additional 1,823 shares during the period. AE Wealth Management LLC boosted its holdings in shares of Target by 61.5% in the 2nd quarter. AE Wealth Management LLC now owns 9,047 shares of the retailer’s stock valued at $893,000 after acquiring an additional 3,445 shares during the last quarter. Finally, PFG Advisors boosted its holdings in shares of Target by 14.2% in the 2nd quarter. PFG Advisors now owns 2,995 shares of the retailer’s stock valued at $295,000 after acquiring an additional 372 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TGT shares. Mizuho set a $120.00 target price on shares of Target in a report on Thursday, March 5th. Wolfe Research raised shares of Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Robert W. Baird cut their price target on Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Piper Sandler lifted their price objective on Target from $102.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Finally, Roth Mkm set a $88.00 price objective on Target in a report on Thursday, November 20th. Eleven 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $116.45.

Target Stock Performance

TGT opened at $118.72 on Thursday. The firm has a fifty day moving average price of $111.33 and a 200 day moving average price of $98.73. Target Corporation has a 1 year low of $83.44 and a 1 year high of $126.00. The stock has a market cap of $53.76 billion, a P/E ratio of 14.60, a P/E/G ratio of 5.21 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The company had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. During the same quarter last year, the business earned $2.41 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.8%. Target’s dividend payout ratio (DPR) is 56.09%.

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.