Mairs & Power Inc. Cuts Holdings in Target Corporation $TGT

Mairs & Power Inc. cut its position in Target Corporation (NYSE:TGT) by 22.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 232,735 shares of the retailer’s stock after selling 68,964 shares during the period. Mairs & Power Inc. owned approximately 0.05% of Target worth $20,876,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. grew its position in shares of Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after acquiring an additional 98 shares during the period. OMERS ADMINISTRATION Corp lifted its position in shares of Target by 0.6% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock valued at $1,738,000 after buying an additional 100 shares in the last quarter. Binnacle Investments Inc increased its holdings in Target by 11.4% in the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after acquiring an additional 104 shares in the last quarter. Empirical Finance LLC raised its position in Target by 0.7% during the second 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 period. Finally, Obermeyer Wealth Partners lifted its holdings in Target by 4.0% during the third quarter. Obermeyer Wealth Partners now owns 2,860 shares of the retailer’s stock valued at $257,000 after purchasing an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of Target stock opened at $117.11 on Tuesday. The business’s 50 day moving average price is $112.33 and its 200 day moving average price is $99.15. The company has a market cap of $53.03 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 5.02 and a beta of 1.12. 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.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. During the same period in the prior year, the business earned $2.41 EPS. The firm’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. On average, research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be issued a $1.14 dividend. 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 currently 56.09%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TGT shares. Deutsche Bank Aktiengesellschaft set a $108.00 target price on shares of Target in a research note on Thursday, January 8th. Roth Mkm set a $88.00 target price on Target in a report on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and issued a $115.00 target price on shares of Target in a research report on Thursday, December 18th. Sanford C. Bernstein raised Target from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $91.00 to $116.00 in a research note on Wednesday, March 4th. Finally, Evercore set a $105.00 price target on Target in a research report on Tuesday, February 17th. Eleven 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, Target currently has an average rating of “Hold” and an average target price of $116.45.

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.