Manning & Napier Advisors LLC Sells 49,956 Shares of Target Corporation $TGT

Manning & Napier Advisors LLC cut its stake in Target Corporation (NYSE:TGT) by 76.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,044 shares of the retailer’s stock after selling 49,956 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Target were worth $1,471,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Neumann Capital Management LLC raised its holdings in shares of Target by 0.8% in the fourth quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock valued at $1,298,000 after purchasing an additional 100 shares during the last quarter. Binnacle Investments Inc raised its stake in shares of Target by 11.4% in the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after buying an additional 104 shares during the period. Obermeyer Wealth Partners lifted its holdings in Target by 4.0% during the third quarter. Obermeyer Wealth Partners now owns 2,860 shares of the retailer’s stock valued at $257,000 after purchasing an additional 110 shares during the last quarter. JNBA Financial Advisors increased its stake in shares of Target by 3.4% in the fourth quarter. JNBA Financial Advisors now owns 3,361 shares of the retailer’s stock worth $329,000 after purchasing an additional 110 shares in the last quarter. Finally, AlTi Global Inc. raised its position in shares of Target by 3.5% in the third quarter. AlTi Global Inc. now owns 3,608 shares of the retailer’s stock valued at $323,000 after purchasing an additional 122 shares during the period. Institutional investors own 79.73% of the company’s stock.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the company’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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Target Stock Down 0.1%

Shares of NYSE:TGT opened at $125.18 on Monday. The firm has a market capitalization of $56.85 billion, a P/E ratio of 15.40, a P/E/G ratio of 5.22 and a beta of 1.01. 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 stock has a 50 day moving average price of $121.35 and a 200-day moving average price of $107.47. Target Corporation has a 52-week low of $83.44 and a 52-week high of $133.10.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. During the same period in the prior year, the firm earned $2.41 earnings per share. The firm’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 anticipate that Target Corporation will post 8.02 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.6%. Target’s payout ratio is presently 56.09%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $110.00 to $145.00 in a research note on Wednesday, March 4th. DA Davidson increased their target price on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $132.00 price target on shares of Target in a report on Friday. Morgan Stanley lifted their price target on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, BNP Paribas Exane increased their price objective on Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a report on Wednesday, March 4th. Eleven 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $118.04.

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.