Inlet Private Wealth LLC Has $2.13 Million Stock Position in Target Corporation $TGT

Inlet Private Wealth LLC reduced its position in Target Corporation (NYSE:TGT) by 18.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,791 shares of the retailer’s stock after selling 4,784 shares during the period. Inlet Private Wealth LLC’s holdings in Target were worth $2,130,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA of San Diego LLC acquired a new stake in shares of Target during the second quarter worth $25,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Target during the third quarter worth $27,000. Global Wealth Strategies & Associates grew its stake in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares during the period. Tripletail Wealth Management LLC acquired a new stake in shares of Target during the third quarter worth $31,000. Finally, Key Financial Inc grew its stake in shares of Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays lifted their price objective on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 4th. DA Davidson lifted their price objective on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $110.00 to $145.00 in a research note on Wednesday, March 4th. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 target price on shares of Target in a research note on Thursday, December 18th. Finally, Sanford C. Bernstein raised Target from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $91.00 to $116.00 in a research note on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $116.32.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was 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. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Target Stock Performance

Shares of Target stock opened at $122.27 on Tuesday. The firm has a market cap of $55.37 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The stock’s 50-day moving average is $115.42 and its 200-day moving average is $101.92. Target Corporation has a one year low of $83.44 and a one year high of $126.00. 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 (NYSE:TGT) last issued its quarterly 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. The company had revenue of $30.45 billion for 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 company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is 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.