Target Corporation $TGT Shares Sold by LSV Asset Management

LSV Asset Management decreased its stake in Target Corporation (NYSE:TGT) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 899,005 shares of the retailer’s stock after selling 15,660 shares during the period. LSV Asset Management’s holdings in Target were worth $87,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TGT. Vanguard Group Inc. lifted its stake in shares of Target by 12.6% in the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after purchasing an additional 6,481,560 shares during the period. State Street Corp increased its holdings in Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after acquiring an additional 911,964 shares in the last quarter. Amundi increased its holdings in Target by 38.6% during the 3rd quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after acquiring an additional 533,416 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Target by 17.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock valued at $311,911,000 after acquiring an additional 461,495 shares in the last quarter. Finally, Caisse de depot et placement du Quebec increased its holdings in Target by 1,593.8% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 439,839 shares of the retailer’s stock valued at $39,454,000 after acquiring an additional 413,871 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the subject of several recent research reports. Sanford C. Bernstein restated a “market perform” rating and set a $124.00 target price on shares of Target in a report on Thursday. Bank of America initiated coverage on shares of Target in a report on Friday, February 27th. They set an “underperform” rating and a $103.00 target price for the company. Guggenheim restated a “buy” rating and set a $140.00 target price on shares of Target in a report on Wednesday. The Goldman Sachs Group raised their target price on shares of Target from $112.00 to $127.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Truist Financial raised their target price on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday. Eleven analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus target price of $125.93.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of 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 filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.

Target Stock Performance

Shares of NYSE TGT opened at $125.62 on Friday. The company has a market cap of $57.05 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01. Target Corporation has a 12 month low of $83.44 and a 12 month high of $133.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.36. The company has a 50-day simple moving average of $122.49 and a 200-day simple moving average of $109.61.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to the consensus estimate of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts anticipate that Target Corporation will post 8.35 earnings per share for the current year.

Target Dividend Announcement

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 dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. Target’s payout ratio is 60.24%.

Key Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target’s first-quarter earnings beat expectations, with EPS of $1.71 versus $1.47 expected and revenue of $25.44 billion topping estimates. Management also said the results validate its refreshed strategy, citing 6.7% sales growth and 4.4% traffic growth, while raising its outlook. Article: TGT Q1 Earnings Call Highlights Early Strategy Gains
• Positive Sentiment: Several Wall Street firms raised their price targets after the earnings report, including DA Davidson to $155 from $140 with a buy rating, Telsey Advisory Group to $150 from $148 with an outperform rating, and Robert W. Baird to $135 from $125. These upgrades suggest analysts see more upside in Target’s recovery. Article: Analyst price target increases for Target
• Neutral Sentiment: Additional commentary highlighted Target’s long-term turnaround potential, with one analysis asking whether the stock could reach $175 by 2027, but the piece was largely speculative rather than based on a new fundamental catalyst. Article: Prediction: Can Target Stock Reach $175 by 2027?
• Negative Sentiment: Not all the news was upbeat: Freedom Capital downgraded Target to hold from strong-buy, and some recent articles warned that competition from Walmart and Costco, plus concerns about consumer sentiment, could pressure the turnaround if spending weakens. Article: Target downgrade and cautionary commentary

About Target

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.