Phoenix Financial Ltd. lessened its holdings in Target Corporation (NYSE:TGT – Free Report) by 99.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,432 shares of the retailer’s stock after selling 696,279 shares during the period. Phoenix Financial Ltd.’s holdings in Target were worth $629,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in TGT. Brighton Jones LLC lifted its position in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after purchasing an additional 3,059 shares in the last quarter. Woodline Partners LP raised its position in 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 acquiring an additional 11,047 shares in the last quarter. NewEdge Advisors LLC raised its position in Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after acquiring an additional 12,948 shares in the last quarter. Sei Investments Co. raised its position in Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after acquiring an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after acquiring an additional 27,063 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.
Insider Activity at Target
In other Target news, 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 value of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Report on TGT
Target Price Performance
NYSE:TGT opened at $121.40 on Friday. Target Corporation has a one year low of $83.44 and a one year high of $133.10. The company has a market cap 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 firm’s fifty day moving average price is $122.00 and its two-hundred day moving average price is $108.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36.
Target (NYSE:TGT – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the previous year, the company earned $2.41 earnings per share. The company’s quarterly revenue 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. Equities analysts expect that Target Corporation will post 8.02 earnings per share for the current year.
Target Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is currently 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.
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