Callodine Capital Management LP Increases Stock Holdings in Target Corporation $TGT

Callodine Capital Management LP boosted its stake in shares of Target Corporation (NYSE:TGT) by 225.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 65,000 shares of the retailer’s stock after buying an additional 45,000 shares during the period. Callodine Capital Management LP’s holdings in Target were worth $5,830,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Jump Financial LLC lifted its holdings in shares of Target by 18,176.0% in the 3rd quarter. Jump Financial LLC now owns 374,841 shares of the retailer’s stock worth $33,623,000 after acquiring an additional 372,790 shares during the last quarter. Platinum Investment Management Ltd. grew its holdings in Target by 20.9% during the 3rd quarter. Platinum Investment Management Ltd. now owns 3,269 shares of the retailer’s stock valued at $293,000 after purchasing an additional 565 shares during the last quarter. Elgethun Capital Management bought a new position in Target during the 3rd quarter valued at about $374,000. Rehmann Capital Advisory Group purchased a new stake in Target in the 3rd quarter worth about $315,000. Finally, Certuity LLC lifted its stake in Target by 9.4% in the third quarter. Certuity LLC now owns 4,426 shares of the retailer’s stock worth $397,000 after purchasing an additional 382 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Target from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of Target in a report on Wednesday, March 4th. Roth Mkm set a $88.00 price objective on Target in a report on Thursday, November 20th. Piper Sandler upped their price objective on Target from $102.00 to $119.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Finally, Barclays increased their target price on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.45.

Target Trading Up 1.4%

Shares of NYSE TGT opened at $117.35 on Friday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $126.00. The business has a fifty day moving average price of $112.03 and a 200 day moving average price of $98.98. The stock has a market capitalization of $53.14 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 4.95 and a beta of 1.12. 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) last posted its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.28. The company had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.9%. Target’s payout ratio is presently 56.09%.

Target News Roundup

Here are the key news stories impacting Target this week:

• Positive Sentiment: New CEO Michael Fiddelke is cutting prices on roughly 3,000 apparel, home and daily‑essentials items to drive traffic and regain share — a clear, market‑visible action intended to boost comps and curb share loss to discount rivals. Target Accelerates Growth Plan With Price Cuts
• Positive Sentiment: UBS highlights Target’s commitment to a self‑funded turnaround, noting management plans to deploy roughly $2 billion in 2026 to execute price/mix, inventory and marketing initiatives — a capital commitment that suggests management confidence and could reassure investors about execution. UBS: Target investing $2 billion to execute turnaround in 2026
• Positive Sentiment: DA Davidson raised its price target to $140 (maintaining a Buy), which can lift sentiment and provide cover for momentum buying as investors re‑rate the stock on the turnaround thesis. DA Davidson Raises Target (TGT) PT to $140
• Neutral Sentiment: Coverage frames the moves as a needed response to lost share versus discount competitors; the narrative supports a plausible recovery but execution risk remains high — context piece on the strategy and competitive positioning. Target’s Been Falling Behind Discount Retail Rivals. Its New CEO Wants to Change That.
• Neutral Sentiment: Several market writeups and bullish theses debate valuation (TGT’s P/E and forward estimates) and whether the turnaround will restore prior margins — useful background but outcome‑dependent. Is Target Corporation (TGT) A Good Stock To Buy Now?
• Negative Sentiment: Reuters and others caution that past price cuts produced only short‑lived sales bumps, raising execution risk that current cuts may not sustainably grow traffic or margin. New Target CEO slashes prices. Previous cuts offered short-lived sales boost.
• Negative Sentiment: Ongoing consumer protest over prior DEI decisions remains active in some locales, a reputational/traffic risk that could blunt the effectiveness of promotional moves. Boycott of Target over DEI cuts still active, local organizers say

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.