SG Americas Securities LLC Has $65.78 Million Stock Position in Target Corporation $TGT

SG Americas Securities LLC boosted its position in shares of Target Corporation (NYSE:TGT) by 119.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 672,889 shares of the retailer’s stock after buying an additional 365,824 shares during the quarter. SG Americas Securities LLC’s holdings in Target were worth $65,775,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new stake in shares of Target during the 2nd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC acquired a new position in Target in the third quarter valued at approximately $27,000. Global Wealth Strategies & Associates lifted its holdings in Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares during the period. Tripletail Wealth Management LLC bought a new position in Target in the third quarter valued at approximately $31,000. Finally, Key Financial Inc boosted its stake in Target by 77.4% in the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after acquiring an additional 151 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Trading Up 0.8%

TGT opened at $115.84 on Wednesday. The firm’s fifty day moving average is $113.44 and its two-hundred day moving average is $100.05. The firm has a market cap of $52.46 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 4.78 and a beta of 1.12. Target Corporation has a twelve month low of $83.44 and a twelve month high of $126.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94.

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. Target had a net margin of 3.54% and a return on equity of 22.25%. The company had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same quarter in the previous year, the business earned $2.41 EPS. The firm’s revenue was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts anticipate that Target Corporation will post 8.69 EPS for the current 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. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is presently 56.09%.

Insider Activity

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the 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 completion of the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Target in a research report on Wednesday, March 4th. Oppenheimer raised their price target on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Telsey Advisory Group upgraded Target from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $110.00 to $145.00 in a report on Wednesday, March 4th. Finally, Bank of America initiated coverage on Target in a research note on Friday, February 27th. They issued an “underperform” rating and a $103.00 target price on the stock. 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 stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.32.

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.