Stephens Inc. AR Has $7.71 Million Stock Position in Target Corporation $TGT

Stephens Inc. AR boosted its stake in Target Corporation (NYSE:TGT) by 362.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 78,393 shares of the retailer’s stock after buying an additional 61,455 shares during the period. Stephens Inc. AR’s holdings in Target were worth $7,710,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TGT. Vanguard Group Inc. grew its stake in Target by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after buying an additional 6,481,560 shares during the last quarter. State Street Corp grew its stake in Target by 2.5% in the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after buying an additional 911,964 shares during the last quarter. Amundi grew its stake in Target by 38.6% in the 3rd quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after buying an additional 533,416 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Target by 17.1% in 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 during the last quarter. Finally, Caisse de depot et placement du Quebec grew its stake in Target by 1,593.8% in the 3rd 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 and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the company’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 sale, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

TGT has been the topic of a number of research reports. Bank of America initiated coverage on shares of Target in a research note on Friday, February 27th. They issued an “underperform” rating and a $103.00 price target on the stock. UBS Group raised their target price on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Sanford C. Bernstein raised shares of Target from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $91.00 to $116.00 in a report on Wednesday, March 4th. Telsey Advisory Group raised their target price on shares of Target from $145.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday. Finally, The Goldman Sachs Group raised their target price on shares of Target from $91.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Eleven investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $119.75.

Target Stock Performance

TGT opened at $121.40 on Friday. The stock has a market cap of $55.14 billion, a PE ratio of 14.93, a P/E/G ratio of 3.62 and a beta of 1.01. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The stock’s 50 day simple moving average is $122.00 and its 200-day simple moving average is $108.56. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89.

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 the consensus estimate of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. During the same quarter in the previous year, the firm posted $2.41 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts forecast that Target Corporation will post 8.02 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is presently 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.