Wealth Enhancement Advisory Services LLC Acquires 30,363 Shares of Target Corporation $TGT

Wealth Enhancement Advisory Services LLC lifted its holdings in Target Corporation (NYSE:TGT) by 20.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,443 shares of the retailer’s stock after acquiring an additional 30,363 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Target were worth $18,322,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TGT. WFA of San Diego LLC bought a new stake in Target in the 2nd quarter valued at about $25,000. Heartwood Wealth Advisors LLC bought a new position in shares of Target during the third quarter worth approximately $27,000. Global Wealth Strategies & Associates increased its holdings 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 during the period. Tripletail Wealth Management LLC acquired a new stake in shares of Target in the third quarter valued at approximately $31,000. Finally, Key Financial Inc raised its position in shares of Target by 77.4% in the third 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. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the topic of a number of analyst reports. Truist Financial increased their price target on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Bank of America began coverage on Target in a report on Friday, February 27th. They set an “underperform” rating and a $103.00 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Target in a research note on Wednesday, March 4th. BNP Paribas Exane upped their price objective on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Finally, Zacks Research upgraded shares of Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $116.32.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the company’s 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 completion of the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.16% of the company’s stock.

Target Trading Up 0.3%

Shares of TGT opened at $116.32 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00. The firm has a market cap of $52.68 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 4.82 and a beta of 1.12. The business’s fifty day moving average is $113.57 and its 200-day moving average is $100.16.

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

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 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.