SG Americas Securities LLC Buys 365,824 Shares of Target Corporation $TGT

SG Americas Securities LLC boosted its stake in shares of Target Corporation (NYSE:TGT) by 119.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 672,889 shares of the retailer’s stock after acquiring an additional 365,824 shares during the quarter. SG Americas Securities LLC owned 0.15% of Target worth $65,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TGT. Cambridge Financial Group LLC acquired a new stake in shares of Target in the 4th quarter valued at $217,000. Diversified Trust Co. increased its position in shares of Target by 28.8% during the 4th quarter. Diversified Trust Co. now owns 9,117 shares of the retailer’s stock worth $891,000 after purchasing an additional 2,041 shares in the last quarter. 180 Wealth Advisors LLC bought a new position in Target during the 4th quarter valued at about $3,159,000. True Wealth Design LLC lifted its holdings in Target by 168.9% during the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after purchasing an additional 223 shares during the last quarter. Finally, Gradient Investments LLC boosted its position in Target by 61.2% in the fourth quarter. Gradient Investments LLC now owns 457,664 shares of the retailer’s stock valued at $44,737,000 after buying an additional 173,675 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Target Trading Up 0.8%

Shares of NYSE TGT opened at $115.84 on Wednesday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $126.00. The company has a market cap of $52.46 billion, a PE ratio of 14.25, a P/E/G ratio of 4.78 and a beta of 1.12. 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 company has a 50-day moving average of $113.44 and a two-hundred day moving average of $100.05.

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. The business had revenue of $30.45 billion for 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%. Target’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm 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 analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

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 $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 56.09%.

Insider Buying and Selling

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 value 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 approximately $1,423,038.17. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of Target in a research note on Thursday, December 18th. DA Davidson lifted their target price on shares of Target from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Barclays boosted their target price on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $108.00 price target on Target in a report on Thursday, January 8th. Finally, Mizuho set a $120.00 price objective on Target in a research report on Thursday, March 5th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $116.32.

Target Company 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.