Distillate Capital Partners LLC Invests $18.33 Million in Target Corporation $TGT

Distillate Capital Partners LLC bought a new stake in shares of Target Corporation (NYSE:TGT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 204,314 shares of the retailer’s stock, valued at approximately $18,328,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Target by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after acquiring an additional 6,607,982 shares during the last quarter. Norges Bank bought a new stake in Target during the second quarter worth approximately $578,009,000. State Street Corp raised its position in Target by 4.3% during the second quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after purchasing an additional 1,529,026 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Target by 133.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock valued at $219,376,000 after purchasing an additional 1,273,129 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of Target by 96.1% in the 2nd quarter. California Public Employees Retirement System now owns 2,165,396 shares of the retailer’s stock valued at $213,616,000 after purchasing an additional 1,060,885 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: New CEO Michael Fiddelke is cutting prices on roughly 3,000 apparel, home and daily‑essentials items to drive traffic and regain share — a clear, market‑visible action intended to boost comps and curb share loss to discount rivals. Target Accelerates Growth Plan With Price Cuts
• Positive Sentiment: UBS highlights Target’s commitment to a self‑funded turnaround, noting management plans to deploy roughly $2 billion in 2026 to execute price/mix, inventory and marketing initiatives — a capital commitment that suggests management confidence and could reassure investors about execution. UBS: Target investing $2 billion to execute turnaround in 2026
• Positive Sentiment: DA Davidson raised its price target to $140 (maintaining a Buy), which can lift sentiment and provide cover for momentum buying as investors re‑rate the stock on the turnaround thesis. DA Davidson Raises Target (TGT) PT to $140
• Neutral Sentiment: Coverage frames the moves as a needed response to lost share versus discount competitors; the narrative supports a plausible recovery but execution risk remains high — context piece on the strategy and competitive positioning. Target’s Been Falling Behind Discount Retail Rivals. Its New CEO Wants to Change That.
• Neutral Sentiment: Several market writeups and bullish theses debate valuation (TGT’s P/E and forward estimates) and whether the turnaround will restore prior margins — useful background but outcome‑dependent. Is Target Corporation (TGT) A Good Stock To Buy Now?
• Negative Sentiment: Reuters and others caution that past price cuts produced only short‑lived sales bumps, raising execution risk that current cuts may not sustainably grow traffic or margin. New Target CEO slashes prices. Previous cuts offered short-lived sales boost.
• Negative Sentiment: Ongoing consumer protest over prior DEI decisions remains active in some locales, a reputational/traffic risk that could blunt the effectiveness of promotional moves. Boycott of Target over DEI cuts still active, local organizers say

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Target from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Roth Mkm set a $88.00 price objective on shares of Target in a research report on Thursday, November 20th. DA Davidson increased their target price on shares of Target from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Citigroup raised their target price on shares of Target from $110.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and an average target price of $116.45.

Target Stock Performance

Shares of NYSE:TGT opened at $117.35 on Monday. The firm’s 50 day simple moving average is $112.03 and its 200-day simple moving average is $99.01. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. Target Corporation has a one year low of $83.44 and a one year high of $126.00. The firm has a market cap of $53.14 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 5.02 and a beta of 1.12.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same quarter in the previous year, the business earned $2.41 earnings per share. Target’s quarterly 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. As a group, equities analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently declared 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 of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.9%. Target’s dividend payout ratio is presently 56.09%.

About Target

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.