Target Corporation $TGT Shares Purchased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Target Corporation (NYSE:TGT) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 342,487 shares of the retailer’s stock after purchasing an additional 45,803 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Target were worth $30,721,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TGT. Brighton Jones LLC grew its position in shares of Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares in the last quarter. Woodline Partners LP increased its stake in shares of Target by 39.9% in the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after buying an additional 11,047 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Target in the second quarter valued at $129,000. Penserra Capital Management LLC boosted its stake in Target by 27.1% during the 2nd quarter. Penserra Capital Management LLC now owns 8,559 shares of the retailer’s stock valued at $843,000 after acquiring an additional 1,823 shares during the last quarter. Finally, AE Wealth Management LLC boosted its stake in Target by 61.5% during the 2nd quarter. AE Wealth Management LLC now owns 9,047 shares of the retailer’s stock valued at $893,000 after acquiring an additional 3,445 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. TD Cowen decreased their price objective on shares of Target from $105.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and issued a $115.00 target price on shares of Target in a research note on Thursday, December 18th. BMO Capital Markets increased their price target on shares of Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. DA Davidson set a $120.00 price target on Target in a research note on Monday, January 12th. Finally, Barclays boosted their price objective on Target from $91.00 to $108.00 and gave the company an “underweight” rating in a report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Target presently has an average rating of “Hold” and an average target price of $115.76.

Target Trading Up 0.2%

Shares of NYSE TGT opened at $120.56 on Monday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $126.00. The company has a market cap of $54.59 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 5.23 and a beta of 1.12. 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’s 50 day simple moving average is $110.01 and its 200 day simple moving average is $98.27.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the prior year, the business earned $2.41 EPS. 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. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th were given a dividend of $1.14 per share. The ex-dividend date was Wednesday, February 11th. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. Target’s dividend payout ratio is currently 56.09%.

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.