Lido Advisors LLC Has $24.67 Million Stock Holdings in Target Corporation $TGT

Lido Advisors LLC cut its stake in Target Corporation (NYSE:TGT) by 4.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 272,685 shares of the retailer’s stock after selling 13,937 shares during the quarter. Lido Advisors LLC’s holdings in Target were worth $24,673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. WFA of San Diego LLC acquired a new position in Target in the 2nd quarter valued at $25,000. Global Wealth Strategies & Associates raised its holdings in Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Target in the 4th quarter valued at $30,000. Key Financial Inc raised its holdings in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after acquiring an additional 151 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Target by 168.9% in the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after acquiring an additional 223 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Sanford C. Bernstein reissued a “market perform” rating and set a $124.00 price target on shares of Target in a report on Thursday, May 21st. DA Davidson boosted their price target on Target from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. UBS Group boosted their price target on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $123.00 price target on shares of Target in a report on Friday, May 15th. Finally, Bank of America assumed coverage on Target in a report on Friday, February 27th. They set an “underperform” rating and a $103.00 price target for the company. Eleven analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $125.93.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 2,053 shares of the business’s 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 sale, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.13% of the company’s stock.

Target Price Performance

Target stock opened at $124.02 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. The stock has a market capitalization of $56.33 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The stock has a fifty day moving average of $124.31 and a 200-day moving average of $111.94.

Target (NYSE:TGT) last issued its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.Target’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts expect that Target Corporation will post 8.35 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were given a dividend of $1.14 per share. The ex-dividend date was Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.7%. Target’s payout ratio is currently 60.24%.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research lifted Target’s earnings estimates for FY2027, FY2028 and FY2029, suggesting analysts see improving profitability over the next few years. Target earnings estimate updates
• Positive Sentiment: The firm also raised near- to medium-term quarterly forecasts for Q2 2027, Q3 2027 and Q2 2028, which can be viewed as a sign of steadier earnings power. Target earnings estimate updates
• Neutral Sentiment: Target’s latest reported quarter had already beaten expectations, with revenue and EPS topping estimates and management guiding FY2026 EPS to $7.50-$8.50, so the stock is still trading against a generally solid earnings backdrop. Target quarterly earnings background
• Negative Sentiment: Zacks slightly lowered Q4 2027 and Q4 2028 EPS estimates, which may have tempered enthusiasm for the stock’s longer-term earnings trajectory. Target earnings estimate changes
• Negative Sentiment: A recent insider sale by an executive can sometimes add pressure on sentiment, even if it is not necessarily a fundamental red flag. Target insider sale

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.