Russell Investments Group Ltd. Sells 198,814 Shares of Target Corporation $TGT

Russell Investments Group Ltd. decreased its holdings in shares of Target Corporation (NYSE:TGT) by 21.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 738,216 shares of the retailer’s stock after selling 198,814 shares during the period. Russell Investments Group Ltd. owned 0.16% of Target worth $66,193,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. First Trust Advisors LP raised its position in Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after buying an additional 124,371 shares during the last quarter. CWM LLC boosted its holdings in shares of Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after acquiring an additional 11,378 shares during the last quarter. Twelve Points Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter valued at about $1,236,000. QVR LLC bought a new stake in shares of Target in the second quarter worth approximately $11,014,000. Finally, LJI Wealth Management LLC grew its stake in shares of Target by 446.4% in the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after acquiring an additional 19,474 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

TGT opened at $120.70 on Wednesday. The company’s 50 day moving average is $110.91 and its 200 day moving average is $98.58. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The company has a market cap of $54.65 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 5.19 and a beta of 1.12. Target Corporation has a 12-month low of $83.44 and a 12-month high of $126.00.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The business 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 company 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. On average, equities research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th were paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Wednesday, February 11th. Target’s dividend payout ratio is 56.09%.

Wall Street Analyst Weigh In

TGT has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Target from $91.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Piper Sandler lifted their target price on shares of Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Mizuho set a $120.00 target price on shares of Target in a research note on Thursday, March 5th. DA Davidson increased their price target on Target from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday. Finally, Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $91.00 to $116.00 in a research note on Wednesday, March 4th. Eleven 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $116.45.

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.