Target Corporation $TGT Position Trimmed by Welch Group LLC

Welch Group LLC lowered its stake in Target Corporation (NYSE:TGT) by 11.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 61,530 shares of the retailer’s stock after selling 7,880 shares during the period. Welch Group LLC’s holdings in Target were worth $6,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. WFA of San Diego LLC bought a new stake in shares of Target during the 2nd quarter worth $25,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Target during the third quarter worth $27,000. Global Wealth Strategies & Associates lifted its holdings in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Target during the fourth quarter valued at $30,000. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Price Performance

NYSE TGT opened at $123.77 on Friday. The company has a 50 day simple moving average of $117.67 and a 200-day simple moving average of $103.61. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The firm has a market capitalization of $56.05 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 5.11 and a beta of 1.03. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00.

Target (NYSE:TGT) last announced its quarterly earnings data 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 net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. 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 predict that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.7%. Target’s dividend payout ratio is 56.09%.

Insider Buying and Selling at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the 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 sale, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This trade 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 accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price objective on shares of Target in a report on Wednesday, March 4th. Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $110.00 to $145.00 in a report on Wednesday, March 4th. The Goldman Sachs Group boosted their price target on shares of Target from $91.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $108.00 price target on shares of Target in a research report on Thursday, January 8th. 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, eighteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $116.32.

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.