Novem Group Invests $3.40 Million in Target Corporation $TGT

Novem Group acquired a new position in Target Corporation (NYSE:TGT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 34,736 shares of the retailer’s stock, valued at approximately $3,395,000.

Other institutional investors have also recently made changes to their positions in the company. WFA of San Diego LLC acquired a new stake in Target during the 2nd quarter worth about $25,000. Global Wealth Strategies & Associates lifted its position in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Target during the 4th quarter worth about $30,000. Tripletail Wealth Management LLC acquired a new stake in Target during the 3rd quarter worth about $31,000. Finally, Key Financial Inc lifted its position in Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after acquiring an additional 151 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction that occurred 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. The trade was a 14.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Target Price Performance

Shares of Target stock opened at $130.06 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target Corporation has a twelve month low of $83.44 and a twelve month high of $130.19. The business has a 50-day moving average price of $118.21 and a 200 day moving average price of $104.36. The firm has a market cap of $58.90 billion, a PE ratio of 16.00, a P/E/G ratio of 5.32 and a beta of 1.03.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm 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. Target’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. Sell-side analysts predict that Target Corporation will post 8.04 earnings per share for the current fiscal 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 $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is currently 56.09%.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research reports. BMO Capital Markets lifted their price target on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Guggenheim lifted their price target on Target from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group lifted their price target on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group lifted their price target on Target from $91.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Finally, Sanford C. Bernstein raised Target from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $91.00 to $116.00 in a research report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $116.68.

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.