Sowell Financial Services LLC Acquires 4,370 Shares of Target Corporation $TGT

Sowell Financial Services LLC increased its holdings in Target Corporation (NYSE:TGT) by 41.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,881 shares of the retailer’s stock after acquiring an additional 4,370 shares during the quarter. Sowell Financial Services LLC’s holdings in Target were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Salus Financial Advisors LLC bought a new position in Target during the 4th quarter valued at approximately $201,000. NavPoint Financial Inc. increased its position in Target by 7.9% during the 4th quarter. NavPoint Financial Inc. now owns 19,313 shares of the retailer’s stock valued at $1,888,000 after buying an additional 1,420 shares in the last quarter. Kelleher Financial Advisors increased its position in Target by 15,431.6% during the 4th quarter. Kelleher Financial Advisors now owns 2,951 shares of the retailer’s stock valued at $289,000 after buying an additional 2,932 shares in the last quarter. Advocate Group LLC increased its stake in Target by 11.7% during the 4th quarter. Advocate Group LLC now owns 84,943 shares of the retailer’s stock valued at $8,303,000 after purchasing an additional 8,927 shares in the last quarter. Finally, Lazari Capital Management Inc. bought a new stake in Target during the 4th quarter valued at about $202,000. Institutional investors own 79.73% of the company’s stock.

Target Stock Performance

Shares of TGT stock opened at $119.46 on Wednesday. The company has a 50 day moving average price of $115.73 and a 200-day moving average price of $102.14. 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 $54.10 billion, a PE ratio of 14.69, a P/E/G ratio of 5.01 and a beta of 1.03. 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 announced its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same period in the previous year, the business posted $2.41 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities research analysts expect that Target Corporation will post 8.69 earnings per share for the current 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. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.8%. Target’s payout ratio is currently 56.09%.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction 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 sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

TGT has been the subject of a number of analyst reports. DA Davidson raised their price objective on shares of Target from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 9th. UBS Group raised their price objective on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group raised their price objective on shares of Target from $91.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Jefferies Financial Group restated a “buy” rating and set a $115.00 price objective on shares of Target in a research note on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft set a $108.00 price objective on shares of Target in a research note on Thursday, January 8th. Eleven analysts have rated the stock with a Buy rating, nineteen have assigned 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 a consensus target price of $116.32.

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.