Kingsview Wealth Management LLC trimmed its stake in Target Corporation (NYSE:TGT – Free Report) by 16.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,229 shares of the retailer’s stock after selling 19,218 shares during the period. Kingsview Wealth Management LLC’s holdings in Target were worth $9,406,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Target by 12.6% during 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 grew its stake 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 buying an additional 911,964 shares during the last quarter. Amundi raised its holdings in Target by 38.6% in the 3rd quarter. Amundi now owns 1,913,883 shares of the retailer’s stock worth $170,278,000 after acquiring an additional 533,416 shares during the period. Ameriprise Financial Inc. lifted its position in Target by 17.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock worth $311,911,000 after acquiring an additional 461,495 shares during the last quarter. Finally, Caisse de depot et placement du Quebec lifted its position in Target by 1,593.8% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 439,839 shares of the retailer’s stock worth $39,454,000 after acquiring an additional 413,871 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.
Insiders Place Their Bets
In other Target 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 transaction of $240,591.07. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is owned by corporate insiders.
Target Stock Up 0.2%
Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.24. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts forecast that Target Corporation will post 8.35 EPS for the current year.
Target Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio is presently 60.24%.
Analyst Ratings Changes
Several brokerages have recently issued reports on TGT. Telsey Advisory Group raised their price target on Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wells Fargo & Company raised their target price on Target from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. The Goldman Sachs Group lifted their price target on Target from $112.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. upped their price target on Target from $120.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, Robert W. Baird increased their price objective on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Eleven research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $125.93.
View Our Latest Stock Analysis on TGT
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.
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