Atria Investments Inc Raises Position in Target Corporation $TGT

Atria Investments Inc lifted its stake in shares of Target Corporation (NYSE:TGT) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,357 shares of the retailer’s stock after purchasing an additional 8,255 shares during the period. Atria Investments Inc’s holdings in Target were worth $3,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TGT. Vanguard Group Inc. boosted its holdings in Target by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after buying an additional 6,481,560 shares during the period. State Street Corp boosted its holdings in Target by 2.5% in the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after purchasing an additional 911,964 shares during the period. Amundi boosted its holdings in Target by 38.6% in the 3rd quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after purchasing an additional 533,416 shares during the period. Ameriprise Financial Inc. boosted its holdings in Target by 17.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock valued at $311,911,000 after purchasing an additional 461,495 shares during the period. Finally, Caisse de depot et placement du Quebec boosted its holdings in Target by 1,593.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 439,839 shares of the retailer’s stock valued at $39,454,000 after purchasing an additional 413,871 shares during the period. 79.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on TGT. BMO Capital Markets raised their price target on shares of Target from $105.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, March 4th. UBS Group raised their price target on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. DA Davidson raised their price target on shares of Target from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $132.00 price target on shares of Target in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Target from $120.00 to $129.00 and gave the company a “neutral” rating in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $119.75.

Insider Buying and Selling

In related news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction 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 transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by insiders.

Target Stock Performance

NYSE TGT opened at $121.40 on Friday. The company has a market capitalization of $55.14 billion, a P/E ratio of 14.93, a P/E/G ratio of 3.62 and a beta of 1.01. The company has a fifty day moving average of $122.00 and a 200-day moving average of $108.56. Target Corporation has a 52-week low of $83.44 and a 52-week high of $133.10. 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 issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS 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 analysts’ expectations of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.41 EPS. 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 predict that Target Corporation will post 8.02 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors 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 3.8%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 56.09%.

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.