Yorkville Advisors Global LP Takes Position in Target Corporation $TGT

Yorkville Advisors Global LP acquired a new stake in shares of Target Corporation (NYSE:TGT) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 42,500 shares of the retailer’s stock, valued at approximately $4,154,000. Target makes up about 2.6% of Yorkville Advisors Global LP’s portfolio, making the stock its 7th largest holding.

A number of other hedge funds have also recently made changes to their positions in the business. CIBC Asset Management Inc raised its position in Target by 56.7% in the fourth quarter. CIBC Asset Management Inc now owns 116,397 shares of the retailer’s stock worth $11,378,000 after acquiring an additional 42,110 shares during the period. Marble Wealth LLC bought a new stake in Target in the fourth quarter worth about $249,000. Calton & Associates Inc. raised its position in Target by 96.9% in the fourth quarter. Calton & Associates Inc. now owns 5,295 shares of the retailer’s stock worth $518,000 after acquiring an additional 2,606 shares during the period. Natixis Advisors LLC raised its position in Target by 17.7% in the fourth quarter. Natixis Advisors LLC now owns 119,623 shares of the retailer’s stock worth $11,693,000 after acquiring an additional 17,972 shares during the period. Finally, Heritage Trust Co raised its position in Target by 8.4% in the fourth quarter. Heritage Trust Co now owns 28,157 shares of the retailer’s stock worth $2,752,000 after acquiring an additional 2,188 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

NYSE TGT opened at $124.93 on Thursday. The company’s 50 day moving average is $124.14 and its 200-day moving average is $111.70. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a market cap of $56.74 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00.

Target (NYSE:TGT) last posted its earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. Target’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 EPS. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts predict that Target Corporation will post 8.35 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th were paid a $1.14 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. Target’s dividend payout ratio is 60.24%.

Target News Roundup

Here are the key news stories impacting Target this week:

• Positive Sentiment: Zacks Research raised Target’s earnings estimates for FY2027, FY2028 and FY2029, and also increased Q2 2027, Q3 2027 and Q2 2028 EPS forecasts, signaling stronger long-term profit expectations for the retailer.
• Neutral Sentiment: Target announced “Target Circle Deal Days” with discounts of up to 45% on back-to-school, summer and college essentials, which could help drive traffic and sales but is more of a promotional update than a clear earnings catalyst. New, Deep Savings for Back-to-School and Summer: Target Circle Deal Days Delivers Value with Style
• Neutral Sentiment: An article comparing Target with Walmart highlighted Target as a potential turnaround and long-term value play, but it did not include new company-specific financial data. Walmart vs. Target: Which Retailer Is the Better Long-Term Hold?
• Negative Sentiment: Target insider Cara Sylvester sold 10,000 shares, which can sometimes weigh on investor sentiment even if it does not necessarily reflect the company’s fundamentals. Target (NYSE:TGT) Insider Cara Sylvester Sells 10,000 Shares of Stock
• Negative Sentiment: Zacks also trimmed one near-term estimate, cutting Q4 2028 EPS slightly, which suggests some caution around longer-dated earnings expectations.

Analyst Upgrades and Downgrades

Several analysts have commented on TGT shares. Guggenheim reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Target in a research report on Wednesday, May 20th. Wells Fargo & Company boosted their price target on shares of Target from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Barclays reissued an “underweight” rating on shares of Target in a research report on Monday. BMO Capital Markets boosted their price target on shares of Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Wednesday, March 4th. Finally, Argus set a $150.00 price target on shares of Target in a research report on Friday, May 22nd. Eleven research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Target has an average rating of “Hold” and an average price target of $125.93.

Insiders Place Their Bets

In other news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by corporate insiders.

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.