SevenBridge Financial Group LLC Sells 7,605 Shares of Target Corporation $TGT

SevenBridge Financial Group LLC lowered its position in Target Corporation (NYSE:TGT) by 29.8% in the third quarter, HoldingsChannel.com reports. The fund owned 17,894 shares of the retailer’s stock after selling 7,605 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Target were worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. WFA of San Diego LLC bought a new stake in shares of Target in the 2nd quarter valued at about $25,000. Heartwood Wealth Advisors LLC acquired a new stake in Target in the 3rd quarter valued at about $27,000. Tripletail Wealth Management LLC bought a new position in Target during the third quarter worth about $31,000. Key Financial Inc increased its position in Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after buying an additional 151 shares during the last quarter. Finally, VSM Wealth Advisory LLC increased its position in Target by 1,113.8% during the second quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after buying an additional 323 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TGT. Citigroup upped their price objective on Target from $110.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Mizuho set a $120.00 target price on Target in a report on Thursday, March 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 price target on shares of Target in a research note on Wednesday, March 4th. Telsey Advisory Group raised Target from a “market perform” rating to an “outperform” rating and raised their price target for the company from $110.00 to $145.00 in a report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft set a $108.00 price objective on shares of Target in a research report on Thursday, January 8th. Eleven equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $116.45.

Target Trading Down 1.7%

Shares of NYSE:TGT opened at $118.72 on Thursday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $126.00. The stock has a market cap of $53.76 billion, a PE ratio of 14.60, a P/E/G ratio of 5.21 and a beta of 1.12. The business has a 50 day moving average of $111.33 and a 200-day moving average of $98.73. 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 announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The company had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter 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, equities research analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.8%. Target’s dividend payout ratio (DPR) is presently 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.