Granite Group Advisors LLC Sells 6,296 Shares of Target Corporation $TGT

Granite Group Advisors LLC lowered its position in shares of Target Corporation (NYSE:TGT) by 24.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,950 shares of the retailer’s stock after selling 6,296 shares during the quarter. Target makes up approximately 1.0% of Granite Group Advisors LLC’s holdings, making the stock its 23rd biggest holding. Granite Group Advisors LLC’s holdings in Target were worth $1,852,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new stake in Target during the second quarter worth about $25,000. Global Wealth Strategies & Associates raised its stake in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of Target in the third quarter valued at approximately $27,000. Tripletail Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter worth approximately $31,000. Finally, Key Financial Inc grew its position in Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after acquiring an additional 151 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Target Stock Up 0.5%

NYSE:TGT opened at $116.94 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target Corporation has a 12-month low of $83.44 and a 12-month high of $126.00. The stock’s fifty day simple moving average is $113.69 and its 200-day simple moving average is $100.28. The firm has a market capitalization of $52.96 billion, a P/E ratio of 14.38, a P/E/G ratio of 4.84 and a beta of 1.12.

Target (NYSE:TGT) last released its quarterly earnings data 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 return on equity of 22.25% and a net margin of 3.54%.The business had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the prior year, the company posted $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 expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.9%. Target’s dividend payout ratio is 56.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TGT shares. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and raised their price target for the company from $110.00 to $145.00 in a report on Wednesday, March 4th. Guggenheim increased their target price on Target from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. UBS Group raised their target price on Target from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. BMO Capital Markets upped their price target on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Finally, Evercore set a $105.00 price objective on shares of Target in a report on Tuesday, February 17th. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $116.32.

Insider Buying and Selling at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is owned by corporate insiders.

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.