Smead Capital Management Inc. Sells 116,499 Shares of Target Corporation $TGT

Smead Capital Management Inc. lessened its stake in Target Corporation (NYSE:TGT) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,713,932 shares of the retailer’s stock after selling 116,499 shares during the period. Target accounts for 3.5% of Smead Capital Management Inc.’s portfolio, making the stock its 16th largest holding. Smead Capital Management Inc.’s holdings in Target were worth $167,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Auxano Advisors LLC raised its position in Target by 3.0% in the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after purchasing an additional 93 shares during the last quarter. Neumann Capital Management LLC raised its position in Target by 0.8% in the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock worth $1,298,000 after purchasing an additional 100 shares during the last quarter. Binnacle Investments Inc raised its position in Target by 11.4% in the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after purchasing an additional 104 shares during the last quarter. Mission Wealth Management LP raised its position in Target by 1.6% in the 4th quarter. Mission Wealth Management LP now owns 6,937 shares of the retailer’s stock worth $678,000 after purchasing an additional 106 shares during the last quarter. Finally, JNBA Financial Advisors raised its position in Target by 3.4% in the 4th quarter. JNBA Financial Advisors now owns 3,361 shares of the retailer’s stock worth $329,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the business’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 owned 12,143 shares of the company’s stock, valued at $1,423,038.17. The trade was a 14.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TGT has been the subject of several research analyst reports. Oppenheimer boosted their price objective on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Evercore set a $130.00 target price on shares of Target in a research report on Monday, May 18th. Truist Financial upped their target price on shares of Target from $123.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday. Piper Sandler upped their target price on shares of Target from $121.00 to $127.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $124.00 target price on shares of Target in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $125.93.

Target Stock Performance

Shares of Target stock opened at $125.62 on Friday. The firm has a fifty day moving average of $122.49 and a two-hundred day moving average of $109.61. The stock has a market capitalization of $57.05 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 3.60 and a beta of 1.01. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.36 and a current ratio of 0.93.

Target (NYSE:TGT) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts predict that Target Corporation will post 8.35 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. Target’s payout ratio is 60.24%.

Target News Summary

Here are the key news stories impacting Target this week:

• Positive Sentiment: Target’s first-quarter earnings beat expectations, with EPS of $1.71 versus $1.47 expected and revenue of $25.44 billion topping estimates. Management also said the results validate its refreshed strategy, citing 6.7% sales growth and 4.4% traffic growth, while raising its outlook. Article: TGT Q1 Earnings Call Highlights Early Strategy Gains
• Positive Sentiment: Several Wall Street firms raised their price targets after the earnings report, including DA Davidson to $155 from $140 with a buy rating, Telsey Advisory Group to $150 from $148 with an outperform rating, and Robert W. Baird to $135 from $125. These upgrades suggest analysts see more upside in Target’s recovery. Article: Analyst price target increases for Target
• Neutral Sentiment: Additional commentary highlighted Target’s long-term turnaround potential, with one analysis asking whether the stock could reach $175 by 2027, but the piece was largely speculative rather than based on a new fundamental catalyst. Article: Prediction: Can Target Stock Reach $175 by 2027?
• Negative Sentiment: Not all the news was upbeat: Freedom Capital downgraded Target to hold from strong-buy, and some recent articles warned that competition from Walmart and Costco, plus concerns about consumer sentiment, could pressure the turnaround if spending weakens. Article: Target downgrade and cautionary commentary

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.