Kanawha Capital Management LLC Cuts Position in Target Corporation $TGT

Kanawha Capital Management LLC trimmed its position in shares of Target Corporation (NYSE:TGT) by 21.7% during the 4th quarter, Holdings Channel reports. The fund owned 77,923 shares of the retailer’s stock after selling 21,628 shares during the period. Kanawha Capital Management LLC’s holdings in Target were worth $7,617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA of San Diego LLC purchased a new stake in Target during the second quarter valued at $25,000. Global Wealth Strategies & Associates grew its stake in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Target in the 4th quarter worth $30,000. Tripletail Wealth Management LLC bought a new stake in shares of Target in the 3rd quarter worth about $31,000. Finally, Key Financial Inc raised its position in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after buying an additional 151 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TGT shares. DA Davidson increased their price target on shares of Target from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 9th. Mizuho set a $120.00 price objective on Target in a research report on Thursday, March 5th. Evercore set a $125.00 price objective on Target in a research note on Tuesday. BMO Capital Markets lifted their target price on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. Finally, BNP Paribas Exane boosted their target price on Target from $63.00 to $88.00 and gave the company an “underperform” rating in a research report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Target presently has an average rating of “Hold” and an average target price of $117.39.

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Target Stock Performance

Shares of NYSE:TGT opened at $130.71 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. Target Corporation has a 12 month low of $83.44 and a 12 month high of $133.10. The company has a market capitalization of $59.19 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 5.50 and a beta of 1.03. The firm’s 50-day moving average is $118.91 and its 200 day moving average is $104.85.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter last year, the firm earned $2.41 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Research analysts predict that Target Corporation will post 8.04 EPS for the current year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is currently 56.09%.

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.