Granite Group Advisors LLC Has $1.85 Million Stock Holdings in Target Corporation $TGT

Granite Group Advisors LLC decreased its position in Target Corporation (NYSE:TGT) by 24.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,950 shares of the retailer’s stock after selling 6,296 shares during the quarter. Target makes up approximately 1.0% of Granite Group Advisors LLC’s portfolio, making the stock its 23rd largest holding. Granite Group Advisors LLC’s holdings in Target were worth $1,852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. WFA of San Diego LLC bought a new position in Target in the 2nd quarter worth $25,000. Heartwood Wealth Advisors LLC bought a new stake in Target during the third quarter valued at about $27,000. Global Wealth Strategies & Associates grew its position in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Tripletail Wealth Management LLC acquired a new stake in shares of Target in the third quarter valued at about $31,000. Finally, Key Financial Inc increased its stake in shares of Target by 77.4% in the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Sanford C. Bernstein raised Target from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $91.00 to $116.00 in a research report on Wednesday, March 4th. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and raised their target price for the company from $110.00 to $145.00 in a report on Wednesday, March 4th. DA Davidson upped their price target on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft set a $108.00 price objective on Target in a research report on Thursday, January 8th. Finally, Guggenheim raised their price objective on shares of Target from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $116.32.

Target Trading Up 0.5%

Shares of Target stock opened at $116.94 on Friday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00. The firm has a market capitalization of $52.96 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 4.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The company’s fifty day moving average price is $113.69 and its two-hundred day moving average price is $100.28.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The company had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $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. On average, analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is presently 56.09%.

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.