Cibc World Market Inc. Decreases Stake in Target Corporation $TGT

Cibc World Market Inc. lowered its position in Target Corporation (NYSE:TGT) by 12.4% in the 4th quarter, HoldingsChannel reports. The fund owned 226,710 shares of the retailer’s stock after selling 32,157 shares during the period. Cibc World Market Inc.’s holdings in Target were worth $22,161,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in TGT. Brighton Jones LLC increased its holdings in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares during the last quarter. Woodline Partners LP increased its holdings in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after acquiring an additional 11,047 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after acquiring an additional 12,948 shares during the last quarter. Sei Investments Co. increased its holdings in Target by 8.0% in the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after acquiring an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Target by 11.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after acquiring an additional 27,063 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Performance

NYSE:TGT opened at $122.52 on Friday. The business has a 50 day moving average of $124.43 and a 200 day moving average of $112.02. The company has a market capitalization of $55.65 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.42 and a beta of 1.00. Target Corporation has a 1-year low of $83.44 and a 1-year 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 0.30.

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

Target Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were given a $1.14 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.7%. Target’s payout ratio is presently 60.24%.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the sale, the chief accounting officer owned 12,143 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.

Target News Roundup

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research raised Target’s earnings estimates for FY2027, FY2028, and FY2029, signaling stronger expected profitability over the next several years. Target Corporation (NYSE:TGT)
• Positive Sentiment: The firm also increased quarterly EPS estimates for Q1 2028, Q1 2029, Q2 2028, and Q3 2028, which may reassure investors that earnings momentum is improving beyond the current year. Target Corporation (NYSE:TGT)
• Neutral Sentiment: Target is trending on Zacks.com and Yahoo Finance, suggesting elevated investor interest, but those items do not add new fundamental news by themselves. Is Trending Stock Target Corporation (TGT) a Buy Now?
• Neutral Sentiment: Current full-year EPS consensus remains at $8.35, so the revisions are supportive but not yet a major reset to near-term expectations. Is Trending Stock Target Corporation (TGT) a Buy Now?
• Negative Sentiment: Zacks also trimmed some estimates, including Q4 2027 EPS, showing that the outlook is not uniformly improving across all time periods. Target Corporation (NYSE:TGT)

Analyst Upgrades and Downgrades

TGT has been the subject of several analyst reports. Freedom Capital downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Morgan Stanley raised their target price on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Barclays restated an “underweight” rating on shares of Target in a research note on Monday. Sanford C. Bernstein restated a “market perform” rating and issued a $124.00 target price on shares of Target in a research note on Thursday, May 21st. Finally, Robert W. Baird raised their target price on Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Eleven 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.93.

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.