Target Corporation $TGT Shares Bought by JB Capital LLC

JB Capital LLC raised its holdings in Target Corporation (NYSE:TGT) by 328.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,079 shares of the retailer’s stock after purchasing an additional 106,639 shares during the period. JB Capital LLC’s holdings in Target were worth $13,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TGT. Brighton Jones LLC lifted its holdings in Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares in the last quarter. Woodline Partners LP increased its stake in shares of Target by 39.9% during the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after purchasing an additional 11,047 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Target by 270.6% during the second quarter. Fisher Asset Management LLC now owns 19,223 shares of the retailer’s stock worth $1,896,000 after purchasing an additional 14,036 shares in the last quarter. CW Advisors LLC raised its position in shares of Target by 236.2% during the 2nd quarter. CW Advisors LLC now owns 27,682 shares of the retailer’s stock worth $2,731,000 after purchasing an additional 19,447 shares during the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in shares of Target during the 2nd quarter worth about $2,303,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TGT. The Goldman Sachs Group lifted their price objective on Target from $91.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, March 4th. Morgan Stanley raised their target price on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Citigroup lifted their price target on Target from $110.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $108.00 price target on Target in a research report on Thursday, January 8th. Finally, Bank of America started coverage on Target in a research note on Friday, February 27th. They issued an “underperform” rating and a $103.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and a consensus price target of $116.32.

Target Stock Up 0.1%

TGT stock opened at $120.56 on Friday. 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 firm has a 50-day moving average of $115.06 and a two-hundred day moving average of $101.60. 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 $54.60 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 5.01 and a beta of 1.03.

Target (NYSE:TGT) last posted 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 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 analysts’ expectations of $30.52 billion. During the same quarter last year, the firm earned $2.41 earnings per share. The business’s revenue for the quarter 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. As a group, analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid 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 dividend payout ratio (DPR) is 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.