42,947 Shares in Target Corporation $TGT Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC bought a new position in Target Corporation (NYSE:TGT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 42,947 shares of the retailer’s stock, valued at approximately $4,198,000. Target accounts for about 0.7% of Fieldview Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors have also bought and sold shares of the company. WFA of San Diego LLC purchased a new position in shares of Target during the second quarter valued at about $25,000. Jessup Wealth Management Inc purchased a new position in Target in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates grew its position in Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Target in the fourth quarter worth about $30,000. Finally, True Wealth Design LLC grew its position in Target by 168.9% in the fourth quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group lifted their price target on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Mizuho set a $120.00 price objective on shares of Target in a research note on Thursday, March 5th. BMO Capital Markets raised their price objective on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 4th. Bank of America began coverage on shares of Target in a research note on Friday, February 27th. They issued an “underperform” rating and a $103.00 price objective for the company. Finally, Royal Bank Of Canada raised their price objective on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Target currently has an average rating of “Hold” and a consensus price target of $126.11.

Target Stock Performance

Target stock opened at $135.29 on Friday. The company has a 50 day moving average price of $125.42 and a 200-day moving average price of $113.50. 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 Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $136.14. The company has a market capitalization of $61.45 billion, a PE ratio of 17.87, a P/E/G ratio of 2.64 and a beta of 1.00.

Target (NYSE:TGT) last issued its quarterly earnings data 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. The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target’s revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts forecast that Target Corporation will post 8.35 earnings per share for the current year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 3.4%. Target’s dividend payout ratio is 60.24%.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred 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 transaction, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction that occurred on Tuesday, March 17th. The shares were 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. The trade was a 14.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

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.