Baker Avenue Asset Management LP Boosts Stock Holdings in Target Corporation $TGT

Baker Avenue Asset Management LP lifted its stake in shares of Target Corporation (NYSE:TGT) by 383.7% during the fourth quarter, Holdings Channel reports. The fund owned 27,209 shares of the retailer’s stock after acquiring an additional 21,584 shares during the period. Baker Avenue Asset Management LP’s holdings in Target were worth $2,660,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. WFA of San Diego LLC purchased a new stake in shares of Target during the second quarter worth $25,000. Global Wealth Strategies & Associates grew its stake in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Target during the fourth quarter worth $30,000. Key Financial Inc boosted its holdings in shares of Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after buying an additional 151 shares in the last quarter. Finally, True Wealth Design LLC grew its position in shares of Target by 168.9% in the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on TGT shares. Telsey Advisory Group increased their target price on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Evercore set a $130.00 target price on shares of Target in a research report on Monday, May 18th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $124.00 target price on shares of Target in a research report on Thursday, May 21st. JPMorgan Chase & Co. raised their price objective on shares of Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Target from $112.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $125.93.

Target Stock Up 0.2%

Shares of NYSE TGT opened at $128.59 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $123.31 and a 200 day moving average price of $110.76. The stock has a market capitalization of $58.40 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

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

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.5%. Target’s dividend payout ratio is 60.24%.

About Target

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.