Geode Capital Management LLC Raises Holdings in Target Corporation $TGT

Geode Capital Management LLC lifted its holdings in shares of Target Corporation (NYSE:TGT) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,299,351 shares of the retailer’s stock after purchasing an additional 9,478 shares during the period. Geode Capital Management LLC’s holdings in Target were worth $1,002,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Valtinson Bruner Financial Planning LLC raised its stake in shares of Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after buying an additional 92 shares in the last quarter. Auxano Advisors LLC raised its stake in shares of Target by 3.0% during the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after buying an additional 93 shares in the last quarter. Neumann Capital Management LLC raised its stake in shares of Target by 0.8% during the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock worth $1,298,000 after buying an additional 100 shares in the last quarter. Binnacle Investments Inc raised its stake in shares of Target by 11.4% during the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after buying an additional 104 shares in the last quarter. Finally, Mission Wealth Management LP raised its stake in shares of Target by 1.6% during the 4th quarter. Mission Wealth Management LP now owns 6,937 shares of the retailer’s stock worth $678,000 after buying an additional 106 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TGT shares. Royal Bank Of Canada increased their target price on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Truist Financial upped their price target on Target from $123.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Freedom Capital cut Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. BMO Capital Markets upped their price target on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a report on Wednesday, March 4th. Finally, Oppenheimer upped their price target on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $125.93.

Target Stock Performance

TGT opened at $127.25 on Friday. The stock has a market cap of $57.80 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. The stock’s 50 day simple moving average is $123.56 and its 200 day simple moving average is $110.87. Target Corporation has a 1-year low of $83.44 and a 1-year high of $133.10.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. As a group, equities analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced 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 3.6%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is 60.24%.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

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.