Oxbow Advisors LLC Buys Shares of 4,232 Target Corporation $TGT

Oxbow Advisors LLC bought a new stake in Target Corporation (NYSE:TGT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,232 shares of the retailer’s stock, valued at approximately $414,000.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Target by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after buying an additional 286,499 shares during the period. State Street Corp raised its stake in shares of Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after buying an additional 911,964 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Target by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after buying an additional 122,300 shares during the period. Invesco Ltd. raised its stake in shares of Target by 10.2% in the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock valued at $350,742,000 after buying an additional 360,781 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Target by 0.8% in the third quarter. Legal & General Group Plc now owns 3,309,746 shares of the retailer’s stock valued at $296,884,000 after buying an additional 25,989 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. The trade was 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 through this hyperlink. 0.16% of the stock is currently owned by insiders.

Target Price Performance

Target stock opened at $125.18 on Monday. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. The business has a 50-day simple moving average of $121.35 and a 200 day simple moving average of $107.47. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The stock has a market cap of $56.85 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 5.22 and a beta of 1.01.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS 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 business had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. During the same period in the previous year, the business earned $2.41 earnings per share. The firm’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. On average, research analysts forecast that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on TGT shares. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $91.00 to $116.00 in a research note on Wednesday, March 4th. Citigroup lifted their price target on Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday. 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. Wells Fargo & Company lifted their price target on Target from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Guggenheim lifted their price target on Target from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $118.04.

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.