Quantitative Investment Management LLC Takes Position in Target Corporation $TGT

Quantitative Investment Management LLC bought a new stake in shares of Target Corporation (NYSE:TGT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,115 shares of the retailer’s stock, valued at approximately $1,714,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Trust Advisors LP boosted its position in Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after buying an additional 124,371 shares during the period. CWM LLC increased its position in shares of Target by 41.5% in the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after acquiring an additional 11,378 shares during the period. Twelve Points Wealth Management LLC purchased a new position in shares of Target in the third quarter valued at about $1,236,000. QVR LLC bought a new position in shares of Target during the second quarter valued at about $11,014,000. Finally, LJI Wealth Management LLC boosted its holdings in shares of Target by 446.4% during the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after purchasing an additional 19,474 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target Stock Down 2.7%

TGT stock opened at $115.62 on Friday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $126.00. The company has a market capitalization of $52.35 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 5.08 and a beta of 1.12. The business’s 50 day moving average price is $111.69 and its two-hundred day moving average price is $98.84. 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 released its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter last year, the business posted $2.41 EPS. The firm’s revenue for the quarter 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. As a group, analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is 56.09%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $130.00 target price on shares of Target in a research note on Wednesday, March 4th. Mizuho set a $120.00 price target on Target in a research report on Thursday, March 5th. BNP Paribas Exane increased their price objective on Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $110.00 to $145.00 in a research note on Wednesday, March 4th. Finally, KeyCorp restated a “sector weight” rating on shares of Target in a report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $116.45.

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.