Fairholme Capital Management LLC Takes $2.25 Million Position in Target Corporation $TGT

Fairholme Capital Management LLC purchased a new stake in Target Corporation (NYSE:TGT) in the fourth quarter, Holdings Channel reports. The firm purchased 23,000 shares of the retailer’s stock, valued at approximately $2,248,000. Target comprises about 0.2% of Fairholme Capital Management LLC’s holdings, making the stock its 10th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after buying an additional 124,371 shares during the last quarter. Winning Points Advisors LLC bought a new position in Target during the 4th quarter worth $611,000. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Target by 15.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock worth $30,721,000 after buying an additional 45,803 shares during the last quarter. Franklin Resources Inc. grew its stake in Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock worth $605,507,000 after buying an additional 142,937 shares during the last quarter. Finally, Mather Group LLC. grew its stake in Target by 7.5% during the 4th quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock worth $15,173,000 after buying an additional 10,839 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Insider Activity at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% 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. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TGT shares. BNP Paribas Exane increased their price target on Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a research note on Monday. Barclays reissued an “underweight” rating on shares of Target in a research note on Monday, June 1st. Morgan Stanley increased their price target on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $123.00 price target on shares of Target in a research note on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Target has an average rating of “Hold” and a consensus price target of $126.11.

Target Trading Down 4.2%

Shares of Target stock opened at $127.80 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a market cap of $58.05 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.61 and a beta of 1.00. The business has a fifty day simple moving average of $126.04 and a 200-day simple moving average of $114.60. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $137.87.

Target (NYSE:TGT) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior 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 forecast that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio (DPR) is currently 60.24%.

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.