M3 Wealth Management LLC Takes $2.64 Million Position in Target Corporation $TGT

Posted by Geri Gentry on Aug 16th, 2026

Target logo M3 Wealth Management LLC purchased a new position in shares of Target Corporation (NYSE:TGT – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 20,200 shares of the retailer’s stock, valued at approximately $2,638,000. Target accounts for 1.7% of M3 Wealth Management LLC’s portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after buying an additional 3,059 shares during the period. Woodline Partners LP raised its stake in shares of Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after acquiring an additional 11,047 shares during the period. NewEdge Advisors LLC raised its stake in shares of Target by 22.8% in the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after acquiring an additional 12,948 shares during the period. Sei Investments Co. lifted its holdings in shares of Target by 8.0% in the 2nd 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 during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Target by 11.0% in the 2nd 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 during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TGT has been the subject of a number of research analyst reports. Sanford C. Bernstein increased their price objective on shares of Target from $124.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. UBS Group boosted their target price on Target from $144.00 to $166.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $140.00 price target on shares of Target in a research note on Friday. Freedom Capital lowered Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Argus set a $150.00 price objective on Target in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $143.30.

Get Our Latest Research Report on TGT

Insider Activity at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the business’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 transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Target Trading Down 0.6%

NYSE TGT opened at $154.52 on Friday. The firm has a 50 day simple moving average of $138.02 and a 200-day simple moving average of $126.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a one year low of $83.44 and a one year high of $156.47. The firm has a market cap of $70.18 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.51 and a beta of 0.97.

Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The business’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. Equities research analysts anticipate that Target Corporation will post 8.4 EPS for the current fiscal year.

Target Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.0%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is 61.29%.

Target Profile

(Free Report)

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.