5,755 Shares in Target Corporation $TGT Acquired by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC bought a new position in shares of Target Corporation (NYSE:TGT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,755 shares of the retailer’s stock, valued at approximately $563,000.

A number of other large investors have also bought and sold shares of TGT. Vanguard Group Inc. increased its stake in Target by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after purchasing an additional 6,481,560 shares in the last quarter. State Street Corp increased its stake in Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after purchasing an additional 911,964 shares in the last quarter. Amundi increased its stake in Target by 38.6% during the 3rd quarter. Amundi now owns 1,913,883 shares of the retailer’s stock worth $170,278,000 after purchasing an additional 533,416 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Target by 17.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock worth $311,911,000 after purchasing an additional 461,495 shares in the last quarter. Finally, Caisse de depot et placement du Quebec increased its stake in Target by 1,593.8% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 439,839 shares of the retailer’s stock worth $39,454,000 after purchasing an additional 413,871 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on TGT shares. UBS Group increased their target price on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Barclays increased their target price on Target from $108.00 to $115.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company raised their price target on shares of Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Robert W. Baird raised their price target on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Finally, Morgan Stanley raised their price target on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $125.93.

Target Price Performance

Shares of TGT opened at $125.16 on Wednesday. The stock has a market capitalization of $56.85 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.45 and a beta of 1.01. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. The company has a 50 day moving average of $122.85 and a 200-day moving average of $110.22. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87.

Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts forecast that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio is presently 60.24%.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

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.