Burnham & Co LLC Buys New Stake in Target Corporation $TGT

Burnham & Co LLC bought a new position in shares of Target Corporation (NYSE:TGT) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 5,800 shares of the retailer’s stock, valued at approximately $758,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. BlackRock Inc. purchased a new position in shares of Target in the 2nd quarter valued at $5,054,604,000. Bank of New York Mellon Corp acquired a new position in Target in the second quarter valued at $831,466,000. Norges Bank purchased a new position in shares of Target during the fourth quarter worth about $587,903,000. TOMS Capital Investment Management LP purchased a new position in shares of Target during the fourth quarter worth about $257,571,000. Finally, AQR Capital Management LLC increased its position in shares of Target by 243.8% during the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after purchasing an additional 2,035,298 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TGT. UBS Group raised their target price on shares of Target from $166.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays raised their price target on Target from $115.00 to $140.00 and gave the stock an “underweight” rating in a report on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $154.00 target price on shares of Target in a research note on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Target in a report on Friday, July 31st. Finally, Mizuho set a $150.00 price objective on shares of Target in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $159.52.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds
• Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic
• Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets
• Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook.
• Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability
• Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism.

Target Stock Up 4.5%

Shares of NYSE TGT opened at $165.35 on Friday. The stock has a fifty day moving average price of $140.82 and a 200 day moving average price of $128.01. The company has a current ratio of 0.99, a quick ratio of 0.30 and a debt-to-equity ratio of 0.80. Target Corporation has a 12-month low of $83.44 and a 12-month high of $165.48. The company has a market cap of $75.10 billion, a P/E ratio of 17.17, a P/E/G ratio of 2.33 and a beta of 0.97.

Target (NYSE:TGT) last posted its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter last year, the firm posted $2.05 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts anticipate that Target Corporation will post 9.27 EPS for the current fiscal year.

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 2.8%. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. Target’s payout ratio is 48.18%.

Insider Buying and Selling

In other news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred 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 completion of the transaction, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

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.