GC Wealth Management RIA LLC Sells 4,430 Shares of Target Corporation $TGT

GC Wealth Management RIA LLC lessened its holdings in Target Corporation (NYSE:TGT) by 55.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,555 shares of the retailer’s stock after selling 4,430 shares during the period. GC Wealth Management RIA LLC’s holdings in Target were worth $348,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. WFA of San Diego LLC bought a new stake in shares of Target in the second quarter worth $25,000. Global Wealth Strategies & Associates lifted 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 worth $29,000 after purchasing an additional 192 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Target in the fourth quarter worth $30,000. Key Financial Inc lifted 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 worth $31,000 after purchasing an additional 151 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Target by 168.9% in the fourth quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TGT shares. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $91.00 to $116.00 in a report on Wednesday, March 4th. DA Davidson boosted their target price on shares of Target from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Mizuho set a $120.00 target price on shares of Target in a report on Thursday, March 5th. KeyCorp restated a “sector weight” rating on shares of Target in a report on Wednesday, March 4th. Finally, Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $110.00 to $145.00 in a report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus target price of $117.39.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were 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 approximately $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 can be accessed through this link. Insiders own 0.16% of the company’s stock.

Target Price Performance

NYSE:TGT opened at $129.06 on Friday. Target Corporation has a one year low of $83.44 and a one year high of $133.10. The company has a market cap of $58.61 billion, a P/E ratio of 15.87, a P/E/G ratio of 5.41 and a beta of 1.01. The firm’s fifty day moving average price is $120.55 and its two-hundred day moving average price is $106.41. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the previous year, the company earned $2.41 earnings per share. The company’s quarterly revenue 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. Equities analysts expect that Target Corporation will post 8.02 earnings per share for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is presently 56.09%.

Target 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.