Sequoia Financial Advisors LLC Has $4.07 Million Position in Target Corporation $TGT

Sequoia Financial Advisors LLC lifted its stake in shares of Target Corporation (NYSE:TGT) by 72.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,585 shares of the retailer’s stock after purchasing an additional 17,488 shares during the period. Sequoia Financial Advisors LLC’s holdings in Target were worth $4,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Gateway Investment Advisers LLC boosted its stake in Target by 0.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 113,583 shares of the retailer’s stock valued at $11,103,000 after purchasing an additional 363 shares during the period. Manske Wealth Management grew its holdings in shares of Target by 7.0% during the 4th quarter. Manske Wealth Management now owns 5,470 shares of the retailer’s stock valued at $535,000 after purchasing an additional 359 shares during the last quarter. Swedbank AB raised its position in Target by 0.3% in the fourth quarter. Swedbank AB now owns 526,569 shares of the retailer’s stock valued at $51,472,000 after purchasing an additional 1,325 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Target by 6.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,013,755 shares of the retailer’s stock worth $101,893,000 after purchasing an additional 60,813 shares during the last quarter. Finally, Providence First Trust Co bought a new position in Target during the fourth quarter worth $335,000. Institutional investors own 79.73% of the company’s stock.

Analyst Ratings Changes

TGT has been the topic of several recent research reports. Wolfe Research raised shares of Target from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Morgan Stanley increased their price objective on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Guggenheim increased their price objective on Target from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a research note on Monday, May 4th. Finally, UBS Group boosted their target price on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $118.04.

Target Stock Performance

NYSE:TGT opened at $125.18 on Friday. The stock’s 50 day simple moving average is $121.35 and its two-hundred day simple moving average is $107.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The company has a market cap of $56.85 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 5.22 and a beta of 1.01.

Target (NYSE:TGT) last released its earnings results 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 firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same quarter last year, the business earned $2.41 EPS. The business’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. As a group, equities analysts anticipate that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Dividend Announcement

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 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 yield of 3.6%. Target’s payout ratio is 56.09%.

Insider Buying and Selling at Target

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

Target 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.