Ranch Capital Advisors Inc. Acquires Shares of 17,119 Target Corporation $TGT

Ranch Capital Advisors Inc. purchased a new position in Target Corporation (NYSE:TGT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,119 shares of the retailer’s stock, valued at approximately $1,673,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Target by 12.6% during the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after purchasing an additional 6,481,560 shares in the last quarter. State Street Corp boosted its position in shares of Target by 2.5% in 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 grew its stake in shares of Target by 38.6% in the 3rd quarter. Amundi now owns 1,913,883 shares of the retailer’s stock worth $170,278,000 after buying an additional 533,416 shares during the last quarter. Ameriprise Financial Inc. increased its position in Target by 17.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock valued at $311,911,000 after buying an additional 461,495 shares in the last quarter. Finally, Caisse de depot et placement du Quebec raised its stake in Target by 1,593.8% during the third quarter. Caisse de depot et placement du Quebec now owns 439,839 shares of the retailer’s stock valued at $39,454,000 after buying an additional 413,871 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Target Price Performance

TGT stock opened at $121.40 on Friday. The company has a market capitalization of $55.14 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 3.62 and a beta of 1.01. The company’s fifty day moving average price is $122.00 and its 200-day moving average price is $108.56. Target Corporation has a one year low of $83.44 and a one year high of $133.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94.

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

Target Dividend Announcement

The company 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 dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio is 56.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TGT shares. Telsey Advisory Group upped their price target on shares of Target from $145.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday. BNP Paribas Exane upped their price objective on Target from $63.00 to $88.00 and gave the company an “underperform” rating in a research report on Wednesday, March 4th. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $91.00 to $116.00 in a research report on Wednesday, March 4th. BMO Capital Markets lifted their target price on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $132.00 target price on shares of Target in a research note on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $119.75.

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.