Independent Advisor Alliance Boosts Stake in Target Corporation $TGT

Independent Advisor Alliance raised its stake in Target Corporation (NYSE:TGT) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,338 shares of the retailer’s stock after buying an additional 9,340 shares during the quarter. Independent Advisor Alliance’s holdings in Target were worth $4,530,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in shares of Target during the 2nd quarter worth approximately $25,000. Global Wealth Strategies & Associates grew its stake in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Target in the fourth quarter valued at $30,000. Key Financial Inc grew its stake in shares of Target by 77.4% in the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after buying an additional 151 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Target by 168.9% in the fourth quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Trending Headlines about Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Wells Fargo raised its price target on Target to $140 from $135 and kept an Overweight rating, citing an improved setup for the shares. Wells Fargo, Barclays Lift Target (TGT) Price Targets Following Improved Setup
• Positive Sentiment: Truist Financial lifted its price target to $123 from $121 and maintained a Hold rating, signaling modest upside from current levels. Target price target raised by Truist Financial Corporation
• Positive Sentiment: Target saw unusually heavy call option buying, suggesting traders are positioning for a potential move higher ahead of earnings. Target Sees Unusually High Options Volume
• Neutral Sentiment: Analysts expect Target to report earnings growth next week, but one report noted the company may not have the ideal setup for an earnings beat. Target (TGT) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Target is set to release quarterly earnings on Wednesday, keeping the stock in focus as investors look for guidance on sales trends and margins. Target (TGT) to Release Quarterly Earnings on Wednesday
• Negative Sentiment: Bank of America reiterated its Underperform rating and warned that Target faces a tougher sales environment in Q2 as tax refund benefits fade, even though it lifted its Q1 EPS estimate. Target faces tougher sales backdrop after tax refund boost fades

Analysts Set New Price Targets

TGT has been the subject of a number of research reports. Evercore set a $125.00 price objective on Target in a research note on Tuesday, April 21st. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $91.00 to $116.00 in a research note on Wednesday, March 4th. BMO Capital Markets boosted their price target on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 4th. KeyCorp reiterated a “sector weight” rating on shares of Target in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Target presently has an average rating of “Hold” and an average price target of $118.71.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm’s 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 sale, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Target Stock Performance

Shares of Target stock opened at $121.47 on Thursday. Target Corporation has a one year low of $83.44 and a one year high of $133.10. The business has a 50-day simple moving average of $121.93 and a 200-day simple moving average of $108.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The company has a market cap of $55.17 billion, a PE ratio of 14.94, a P/E/G ratio of 5.08 and a beta of 1.01.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 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 company had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the prior year, the firm posted $2.41 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts forecast that Target Corporation will post 8.02 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders 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 yield of 3.8%. Target’s dividend payout ratio (DPR) is currently 56.09%.

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.