Penn Davis Mcfarland Inc. Buys New Shares in Target Corporation $TGT

Penn Davis Mcfarland Inc. bought a new stake in Target Corporation (NYSE:TGT) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 84,671 shares of the retailer’s stock, valued at approximately $8,277,000. Target makes up 0.8% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 27th largest holding.

A number of other institutional investors have also recently bought and sold shares of TGT. WFA of San Diego LLC bought a new position in shares of Target during the 2nd quarter worth about $25,000. Heartwood Wealth Advisors LLC bought a new position in Target during the third quarter worth about $27,000. Global Wealth Strategies & Associates lifted its position in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares during the period. Tripletail Wealth Management LLC bought a new position in shares of Target during the third quarter valued at $31,000. Finally, Key Financial Inc lifted its holdings in Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on TGT shares. BMO Capital Markets lifted their price objective on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $108.00 price objective on Target in a report on Thursday, January 8th. Guggenheim increased their price objective on shares of Target from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Oppenheimer lifted their target price on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Finally, Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $116.32.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Target Trading Down 0.5%

Shares of NYSE:TGT opened at $120.57 on Thursday. The firm has a market cap of $54.60 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 5.04 and a beta of 1.03. The company’s fifty day simple moving average is $114.53 and its 200 day simple moving average is $101.16. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last posted its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $2.41 earnings per share. 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, research analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business 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 $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.8%. Target’s payout ratio 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.