Target Corporation $TGT Position Cut by Victrix Investment Advisors

Victrix Investment Advisors trimmed its holdings in Target Corporation (NYSE:TGT) by 20.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,297 shares of the retailer’s stock after selling 4,215 shares during the quarter. Victrix Investment Advisors’ holdings in Target were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Deseret Mutual Benefit Administrators grew its holdings in Target by 2.5% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 8,396 shares of the retailer’s stock worth $821,000 after buying an additional 206 shares in the last quarter. Vise Technologies Inc. grew its holdings in Target by 44.1% in the 4th quarter. Vise Technologies Inc. now owns 13,817 shares of the retailer’s stock worth $1,351,000 after buying an additional 4,228 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Target by 5.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 94,698 shares of the retailer’s stock worth $9,257,000 after buying an additional 4,911 shares in the last quarter. Verus Capital Partners LLC grew its holdings in Target by 24.3% in the 4th quarter. Verus Capital Partners LLC now owns 7,410 shares of the retailer’s stock worth $724,000 after buying an additional 1,447 shares in the last quarter. Finally, State of Wyoming bought a new position in Target in the 4th quarter worth approximately $74,000. 79.73% of the stock is owned by institutional investors.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research lifted Target’s earnings estimates for FY2027, FY2028 and FY2029, suggesting analysts see improving profitability over the next few years. Target earnings estimate updates
• Positive Sentiment: The firm also raised near- to medium-term quarterly forecasts for Q2 2027, Q3 2027 and Q2 2028, which can be viewed as a sign of steadier earnings power. Target earnings estimate updates
• Neutral Sentiment: Target’s latest reported quarter had already beaten expectations, with revenue and EPS topping estimates and management guiding FY2026 EPS to $7.50-$8.50, so the stock is still trading against a generally solid earnings backdrop. Target quarterly earnings background
• Negative Sentiment: Zacks slightly lowered Q4 2027 and Q4 2028 EPS estimates, which may have tempered enthusiasm for the stock’s longer-term earnings trajectory. Target earnings estimate changes
• Negative Sentiment: A recent insider sale by an executive can sometimes add pressure on sentiment, even if it is not necessarily a fundamental red flag. Target insider sale

Analysts Set New Price Targets

A number of brokerages recently issued reports on TGT. Morgan Stanley increased their price objective on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Piper Sandler upped their target price on Target from $121.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Telsey Advisory Group upped their target price on Target from $148.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. KeyCorp restated a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Target in a research report on Monday, May 4th. Eleven equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $125.93.

Insiders Place Their Bets

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider directly owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is currently owned by corporate insiders.

Target Price Performance

Shares of NYSE:TGT opened at $124.02 on Friday. Target Corporation has a one year low of $83.44 and a one year high of $133.10. The stock has a fifty day moving average of $124.31 and a 200-day moving average of $111.94. The company has a market capitalization of $56.33 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th were given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, May 13th. 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.