Chevy Chase Trust Holdings LLC Decreases Stake in Target Corporation $TGT

Chevy Chase Trust Holdings LLC cut its stake in shares of Target Corporation (NYSE:TGT) by 21.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 234,318 shares of the retailer’s stock after selling 64,530 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Target were worth $21,018,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. First Trust Advisors LP lifted its position in shares of Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after acquiring an additional 124,371 shares during the period. CWM LLC boosted its stake in shares of Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after acquiring an additional 11,378 shares in the last quarter. Twelve Points Wealth Management LLC acquired a new stake in shares of Target in the 3rd quarter worth approximately $1,236,000. QVR LLC purchased a new position in Target in the 2nd quarter valued at approximately $11,014,000. Finally, LJI Wealth Management LLC increased its stake in Target by 446.4% in the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after purchasing an additional 19,474 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TGT. DA Davidson lifted their price objective on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Roth Mkm set a $88.00 target price on Target in a report on Thursday, November 20th. Oppenheimer raised their price target on Target from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price target on Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Target from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Eleven investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Target presently has a consensus rating of “Hold” and an average target price of $116.45.

Target Price Performance

TGT stock opened at $117.11 on Tuesday. The stock’s 50 day moving average price is $112.33 and its 200 day moving average price is $99.15. The firm has a market cap of $53.03 billion, a P/E 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 1 year low of $83.44 and a 1 year high of $126.00.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping 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 the consensus estimate of $30.52 billion. During the same quarter last year, the business posted $2.41 earnings per share. Target’s revenue was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.9%. Target’s payout ratio is presently 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.