Robertson Stephens Wealth Management LLC Acquires 30,254 Shares of Target Corporation $TGT

Robertson Stephens Wealth Management LLC increased its holdings in shares of Target Corporation (NYSE:TGT) by 713.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 34,497 shares of the retailer’s stock after purchasing an additional 30,254 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Target were worth $3,372,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TGT. Brighton Jones LLC grew its holdings in Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP boosted its holdings in shares of Target by 39.9% during the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after acquiring an additional 11,047 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after acquiring an additional 12,948 shares during the period. Sei Investments Co. boosted its holdings in shares of Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after acquiring an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after acquiring an additional 27,063 shares during the period. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In related 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 value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $91.00 to $116.00 in a report on Wednesday, March 4th. Bank of America initiated coverage on Target in a report on Friday, February 27th. They set an “underperform” rating and a $103.00 price objective for the company. UBS Group boosted their price objective on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Barclays boosted their price objective on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. Finally, Piper Sandler boosted their price objective on Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $117.39.

Target Trading Down 0.5%

Shares of TGT stock opened at $129.06 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The stock has a market cap of $58.61 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 5.37 and a beta of 1.01. The stock has a 50 day simple moving average of $120.55 and a 200 day simple moving average of $106.55. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts predict that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Dividend Announcement

The business 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 56.09%.

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.