LifePlan Financial LLC Raises Position in Target Corporation $TGT

LifePlan Financial LLC boosted its stake in shares of Target Corporation (NYSE:TGT) by 101.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,613 shares of the retailer’s stock after buying an additional 4,337 shares during the period. LifePlan Financial LLC’s holdings in Target were worth $773,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP grew its stake in Target by 39.9% in the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Target in the second quarter valued at about $129,000. Penserra Capital Management LLC raised its holdings in shares of Target by 27.1% in the 2nd quarter. Penserra Capital Management LLC now owns 8,559 shares of the retailer’s stock valued at $843,000 after purchasing an additional 1,823 shares in the last quarter. Finally, AE Wealth Management LLC lifted its holdings in Target by 61.5% during the second quarter. AE Wealth Management LLC now owns 9,047 shares of the retailer’s stock worth $893,000 after buying an additional 3,445 shares during the period. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. KeyCorp restated a “sector weight” rating on shares of Target in a report on Wednesday, March 4th. Guggenheim raised their price objective on Target from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Robert W. Baird lowered their price target on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Evercore set a $105.00 price objective on shares of Target in a research note on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Eleven research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $116.45.

Target Stock Down 0.7%

Shares of TGT opened at $119.98 on Tuesday. The stock has a 50 day moving average price of $110.45 and a 200 day moving average price of $98.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The stock has a market capitalization of $54.33 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 5.23 and a beta of 1.12. Target Corporation has a one year low of $83.44 and a one year high of $126.00.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.28. The company had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Shareholders of record on Wednesday, February 11th were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, February 11th. Target’s dividend payout ratio (DPR) is 56.09%.

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.