Target Corporation $TGT Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Target Corporation (NYSE:TGT) by 57.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 210,395 shares of the retailer’s stock after selling 285,949 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Target were worth $20,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP boosted its holdings in shares of Target by 10.9% in 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 in the last quarter. CWM LLC raised its stake in shares of Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after acquiring an additional 11,378 shares in the last quarter. Twelve Points Wealth Management LLC purchased a new stake in Target during the third quarter valued at approximately $1,236,000. LJI Wealth Management LLC lifted its position in Target by 446.4% during the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after acquiring an additional 19,474 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Target by 15.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer’s stock valued at $30,721,000 after acquiring an additional 45,803 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Target

In other 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 transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TGT. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and upped their target price for the company from $110.00 to $145.00 in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of Target from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on shares of Target in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $130.00 price target on shares of Target in a research note on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $117.39.

Target Stock Up 1.5%

TGT stock opened at $129.75 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. 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 firm has a 50-day simple moving average of $120.55 and a 200-day simple moving average of $106.41. The stock has a market capitalization of $58.93 billion, a P/E ratio of 15.96, a P/E/G ratio of 5.33 and a beta of 1.03.

Target (NYSE:TGT) last announced its quarterly earnings data 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 return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. During the same quarter last year, the firm posted $2.41 EPS. The firm’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. Equities analysts forecast that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is presently 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.