Cibc World Market Inc. Buys 9,245 Shares of Target Corporation $TGT

Posted by George Bondi on Aug 26th, 2026

Target logo Cibc World Market Inc. increased its stake in Target Corporation (NYSE:TGT – Free Report) by 38.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,199 shares of the retailer’s stock after acquiring an additional 9,245 shares during the period. Cibc World Market Inc.’s holdings in Target were worth $4,336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Richardson Financial Services Inc. bought a new stake in Target in the 2nd quarter worth $26,000. WFA of San Diego LLC bought a new stake in shares of Target in the second quarter worth about $25,000. Jessup Wealth Management Inc purchased a new position in Target during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in Target during the 4th quarter valued at about $26,000. Finally, Capital Advisors Ltd. LLC lifted its holdings in Target by 245.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock worth $33,000 after buying an additional 194 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Target from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Evercore set a $170.00 price objective on shares of Target in a report on Thursday, August 20th. Truist Financial raised their target price on shares of Target from $147.00 to $167.00 and gave the stock a “hold” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. boosted their price target on shares of Target from $129.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, Morgan Stanley restated an “overweight” rating on shares of Target in a report on Thursday, August 20th. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Target has a consensus rating of “Hold” and a consensus target price of $159.52.

View Our Latest Stock Analysis on Target

Insider Transactions at Target

In related news, CAO Matthew A. Liegel sold 926 shares of Target stock in a transaction on Friday, August 21st. The stock was sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the sale, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cara A. Sylvester sold 10,000 shares of the company’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 sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.13% of the company’s stock.

Target Trading Down 3.9%

Target stock opened at $163.20 on Wednesday. The company has a market capitalization of $74.12 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97. The business’s fifty day simple moving average is $142.15 and its two-hundred day simple moving average is $128.90. Target Corporation has a 12 month low of $83.44 and a 12 month high of $170.75. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The business had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period last year, the business earned $2.05 EPS. Target’s revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts predict that Target Corporation will post 8.88 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. This is a boost from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s payout ratio is 48.18%.

Target Company 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.