Target Corporation $TGT Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its position in Target Corporation (NYSE:TGT) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,131 shares of the retailer’s stock after selling 13,080 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Target were worth $4,216,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TGT. Crumly & Associates Inc. acquired a new position in Target in the fourth quarter valued at approximately $364,000. Wealthcare Advisory Partners LLC lifted its position in Target by 2.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 6,631 shares of the retailer’s stock valued at $648,000 after buying an additional 184 shares during the last quarter. Pallas Capital Advisors LLC increased its position in shares of Target by 80.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 21,068 shares of the retailer’s stock valued at $2,059,000 after acquiring an additional 9,376 shares during the last quarter. Hourglass Capital LLC purchased a new stake in shares of Target in the 4th quarter valued at approximately $244,000. Finally, Dakota Wealth Management boosted its position in shares of Target by 82.2% during the 4th quarter. Dakota Wealth Management now owns 4,084 shares of the retailer’s stock worth $399,000 after purchasing an additional 1,843 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Target Price Performance

TGT stock opened at $119.76 on Monday. The stock has a market capitalization of $54.24 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 4.99 and a beta of 1.12. The stock’s fifty day simple moving average is $113.86 and its 200-day simple moving average is $100.61. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. The company had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 dividend yield of 3.8%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is presently 56.09%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TGT. BNP Paribas Exane increased their target price on Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $130.00 price objective on shares of Target in a report on Wednesday, March 4th. The Goldman Sachs Group boosted their price target on shares of Target from $91.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $108.00 price objective on shares of Target in a research report on Thursday, January 8th. Finally, Evercore set a $105.00 target price on Target in a research note on Tuesday, February 17th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Target currently has an average rating of “Hold” and an average price target of $116.32.

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.