Target Corporation $TGT Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its holdings in shares of Target Corporation (NYSE:TGT) by 23.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,131 shares of the retailer’s stock after selling 13,080 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Target were worth $4,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in shares of Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after buying an additional 124,371 shares during the period. CWM LLC lifted its stake in Target by 41.5% during the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after purchasing an additional 11,378 shares during the last quarter. Twelve Points Wealth Management LLC bought a new stake in Target during the third quarter worth approximately $1,236,000. LJI Wealth Management LLC boosted its holdings in Target by 446.4% during the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after buying an additional 19,474 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY grew its position in Target by 12.3% in the third quarter. Matrix Asset Advisors Inc. NY now owns 177,721 shares of the retailer’s stock worth $15,942,000 after buying an additional 19,492 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Down 0.1%

Shares of Target stock opened at $119.76 on Monday. The stock has a market cap of $54.24 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 4.99 and a beta of 1.12. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The business has a fifty day simple moving average of $113.86 and a 200 day simple moving average of $100.61. 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 (NYSE:TGT) last posted its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $30.52 billion. During the same period in the prior year, the business earned $2.41 EPS. Target’s revenue for the quarter 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. Research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.8%. Target’s payout ratio is presently 56.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of Target in a research report on Wednesday, March 4th. JPMorgan Chase & Co. upped their price objective on shares of Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on shares of Target in a report on Thursday, January 8th. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $110.00 to $145.00 in a report on Wednesday, March 4th. Finally, BMO Capital Markets increased their target price on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $116.32.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction 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 approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.

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.