Distillate Capital Partners LLC Invests $18.33 Million in Target Corporation $TGT

Distillate Capital Partners LLC acquired a new position in Target Corporation (NYSE:TGT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 204,314 shares of the retailer’s stock, valued at approximately $18,328,000.

A number of other hedge funds also recently bought and sold shares of the company. DoubleLine ETF Adviser LP purchased a new stake in Target during the third quarter valued at approximately $2,173,000. Ceeto Capital Group LLC raised its holdings in Target by 28.3% in the 3rd quarter. Ceeto Capital Group LLC now owns 13,613 shares of the retailer’s stock worth $1,221,000 after purchasing an additional 3,000 shares during the period. Ausdal Financial Partners Inc. lifted its position in Target by 25.9% during the third quarter. Ausdal Financial Partners Inc. now owns 9,107 shares of the retailer’s stock valued at $817,000 after purchasing an additional 1,873 shares in the last quarter. Chiron Capital Management LLC grew its holdings in Target by 191.7% during the third quarter. Chiron Capital Management LLC now owns 7,614 shares of the retailer’s stock valued at $683,000 after purchasing an additional 5,004 shares during the period. Finally, Bcwm LLC grew its holdings in Target by 0.6% during the third quarter. Bcwm LLC now owns 52,216 shares of the retailer’s stock valued at $4,684,000 after purchasing an additional 333 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target Stock Up 1.4%

NYSE TGT opened at $117.35 on Monday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The stock has a market cap of $53.14 billion, a PE ratio of 14.43, a P/E/G ratio of 5.02 and a beta of 1.12. The stock’s 50 day moving average is $112.03 and its 200 day moving average is $99.01.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same period last year, the firm posted $2.41 EPS. The company’s 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. Research analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

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

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: New CEO Michael Fiddelke is cutting prices on roughly 3,000 apparel, home and daily‑essentials items to drive traffic and regain share — a clear, market‑visible action intended to boost comps and curb share loss to discount rivals. Target Accelerates Growth Plan With Price Cuts
• Positive Sentiment: UBS highlights Target’s commitment to a self‑funded turnaround, noting management plans to deploy roughly $2 billion in 2026 to execute price/mix, inventory and marketing initiatives — a capital commitment that suggests management confidence and could reassure investors about execution. UBS: Target investing $2 billion to execute turnaround in 2026
• Positive Sentiment: DA Davidson raised its price target to $140 (maintaining a Buy), which can lift sentiment and provide cover for momentum buying as investors re‑rate the stock on the turnaround thesis. DA Davidson Raises Target (TGT) PT to $140
• Neutral Sentiment: Coverage frames the moves as a needed response to lost share versus discount competitors; the narrative supports a plausible recovery but execution risk remains high — context piece on the strategy and competitive positioning. Target’s Been Falling Behind Discount Retail Rivals. Its New CEO Wants to Change That.
• Neutral Sentiment: Several market writeups and bullish theses debate valuation (TGT’s P/E and forward estimates) and whether the turnaround will restore prior margins — useful background but outcome‑dependent. Is Target Corporation (TGT) A Good Stock To Buy Now?
• Negative Sentiment: Reuters and others caution that past price cuts produced only short‑lived sales bumps, raising execution risk that current cuts may not sustainably grow traffic or margin. New Target CEO slashes prices. Previous cuts offered short-lived sales boost.
• Negative Sentiment: Ongoing consumer protest over prior DEI decisions remains active in some locales, a reputational/traffic risk that could blunt the effectiveness of promotional moves. Boycott of Target over DEI cuts still active, local organizers say

Analyst Upgrades and Downgrades

TGT has been the topic of several recent research reports. BMO Capital Markets raised their price objective on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 4th. Mizuho set a $120.00 target price on shares of Target in a report on Thursday, March 5th. TD Cowen decreased their target price on shares of Target from $105.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Barclays lifted their price target on shares of Target from $91.00 to $108.00 and gave the company an “underweight” rating in a report on Wednesday, March 4th. Finally, UBS Group increased their price objective on shares of Target from $130.00 to $144.00 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, twenty have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.45.

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.