Target Corporation (NYSE:TGT) Plans $1.14 Quarterly Dividend

Target Corporation (NYSE:TGT) announced a quarterly dividend on Wednesday, March 11th. Stockholders of record on Wednesday, May 13th will be paid a dividend of 1.14 per share by the retailer on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 13th.

Target has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 54 years. Target has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Target to earn $9.32 per share next year, which means the company should continue to be able to cover its $4.56 annual dividend with an expected future payout ratio of 48.9%.

Target Price Performance

Shares of TGT stock traded down $2.02 during trading hours on Wednesday, reaching $118.72. The company’s stock had a trading volume of 4,418,338 shares, compared to its average volume of 6,556,186. The firm’s 50 day simple moving average is $110.91 and its 200-day simple moving average is $98.58. The company has a market capitalization of $53.76 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 5.19 and a beta of 1.12. 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 has a fifty-two week low of $83.44 and a fifty-two week high of $126.00.

Target (NYSE:TGT) last released 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 analysts’ expectations of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts forecast that Target will post 8.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TGT. Crawford Investment Counsel Inc. raised its stake in Target by 0.4% in the fourth quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after purchasing an additional 90 shares in the last quarter. Valtinson Bruner Financial Planning LLC grew its stake in shares of Target by 2.6% during the fourth quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock valued at $352,000 after buying an additional 92 shares during the last quarter. Auxano Advisors LLC increased its stake in Target by 3.0% in the 4th quarter. Auxano Advisors LLC now owns 3,193 shares of the retailer’s stock worth $312,000 after purchasing an additional 93 shares during the period. Pin Oak Investment Advisors Inc. raised its holdings in Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock valued at $41,000 after buying an additional 98 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of Target by 0.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock valued at $1,738,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

About Target

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.