Target Corporation $TGT Position Trimmed by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lowered its stake in Target Corporation (NYSE:TGT) by 43.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,894 shares of the retailer’s stock after selling 4,502 shares during the period. Frank Rimerman Advisors LLC’s holdings in Target were worth $576,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TGT. WFA of San Diego LLC acquired a new stake in shares of Target during the second quarter worth $25,000. Global Wealth Strategies & Associates increased its stake in Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new position in Target in the 3rd quarter worth about $27,000. Tripletail Wealth Management LLC acquired a new stake in Target during the 3rd quarter worth about $31,000. Finally, Key Financial Inc raised its holdings 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 buying an additional 151 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TGT shares. Truist Financial raised their target price on shares of Target from $90.00 to $121.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Wells Fargo & Company boosted their price target on shares of Target from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Guggenheim upped their price target on shares of Target from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Telsey Advisory Group raised shares of Target from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $110.00 to $145.00 in a research note on Wednesday, March 4th. Finally, The Goldman Sachs Group lifted their price objective on shares of Target from $91.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $116.32.

Insider Buying and Selling

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Target Stock Performance

Shares of TGT stock opened at $120.56 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $126.00. The stock’s 50-day moving average is $114.81 and its two-hundred day moving average is $101.29. The firm has a market cap of $54.60 billion, a P/E ratio of 14.83, a PEG ratio of 5.01 and a beta of 1.03.

Target (NYSE:TGT) last announced its quarterly 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. The business had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.8%. Target’s payout ratio is 56.09%.

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.