Matrix Asset Advisors Inc. NY Sells 34,141 Shares of Target Corporation $TGT

Matrix Asset Advisors Inc. NY cut its holdings in Target Corporation (NYSE:TGT) by 19.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 143,580 shares of the retailer’s stock after selling 34,141 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in Target were worth $14,035,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TGT. Vanguard Group Inc. increased its stake in Target by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after buying an additional 6,481,560 shares during the last quarter. State Street Corp boosted its stake in shares of Target by 4.3% during the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock worth $3,624,016,000 after buying an additional 1,529,026 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Target by 133.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock worth $219,376,000 after buying an additional 1,273,129 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Target by 96.1% in the 2nd quarter. California Public Employees Retirement System now owns 2,165,396 shares of the retailer’s stock valued at $213,616,000 after acquiring an additional 1,060,885 shares in the last quarter. Finally, Amundi increased its position in shares of Target by 38.6% in the third quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after acquiring an additional 533,416 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction that occurred on Tuesday, March 17th. The shares were 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 directly owned 12,143 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Target Stock Down 0.5%

TGT opened at $120.57 on Thursday. The stock has a fifty day moving average of $114.53 and a 200-day moving average of $101.16. The company has a market capitalization of $54.60 billion, a P/E ratio of 14.83, a P/E/G ratio of 5.04 and a beta of 1.03. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $126.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The business had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the prior year, the company posted $2.41 earnings per share. Target’s revenue was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. Target’s dividend payout ratio (DPR) is currently 56.09%.

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent research reports. Truist Financial increased their price target on Target from $90.00 to $121.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Bank of America started coverage on Target in a research note on Friday, February 27th. They set an “underperform” rating and a $103.00 price objective on the stock. Guggenheim raised their target price on shares of Target from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company boosted their target price on shares of Target from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $116.32.

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.