Penn Davis Mcfarland Inc. Invests $8.28 Million in Target Corporation $TGT

Penn Davis Mcfarland Inc. acquired a new stake in shares of Target Corporation (NYSE:TGT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 84,671 shares of the retailer’s stock, valued at approximately $8,277,000. Target accounts for about 0.8% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Target by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after purchasing an additional 6,481,560 shares during the last quarter. State Street Corp increased its stake in shares of Target by 4.3% during the second quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after acquiring an additional 1,529,026 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Target by 133.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock worth $219,376,000 after purchasing an additional 1,273,129 shares in the last quarter. California Public Employees Retirement System raised its holdings in Target by 96.1% during the second quarter. California Public Employees Retirement System now owns 2,165,396 shares of the retailer’s stock worth $213,616,000 after purchasing an additional 1,060,885 shares in the last quarter. Finally, Amundi lifted its position in Target by 38.6% in the third quarter. Amundi now owns 1,913,883 shares of the retailer’s stock worth $170,278,000 after purchasing an additional 533,416 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Price Performance

NYSE TGT opened at $120.57 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $54.60 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 5.04 and a beta of 1.03. Target Corporation has a 12-month low of $83.44 and a 12-month high of $126.00. The company has a 50 day moving average price of $114.53 and a two-hundred day moving average price of $101.16.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The business had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter last year, the firm earned $2.41 EPS. Target’s revenue for the quarter 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. As a group, equities analysts predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 dividend yield of 3.8%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is presently 56.09%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TGT. Royal Bank Of Canada reissued an “outperform” rating and issued a $130.00 price objective on shares of Target in a research note on Wednesday, March 4th. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 price target on shares of Target in a research note on Thursday, December 18th. Evercore set a $105.00 price target on shares of Target in a research report on Tuesday, February 17th. Mizuho set a $120.00 price objective on shares of Target in a research note on Thursday, March 5th. Finally, Truist Financial lifted their price objective on shares of Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Eleven research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $116.32.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the company’s 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. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by corporate insiders.

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.