Focus Financial Network Inc. Sells 5,424 Shares of Target Corporation $TGT

Focus Financial Network Inc. decreased its holdings in Target Corporation (NYSE:TGT) by 18.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,256 shares of the retailer’s stock after selling 5,424 shares during the quarter. Focus Financial Network Inc.’s holdings in Target were worth $2,273,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. First Trust Advisors LP raised its stake in shares of Target by 10.9% in the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock worth $113,702,000 after buying an additional 124,371 shares during the period. CWM LLC grew its stake in shares of Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after acquiring an additional 11,378 shares during the period. Twelve Points Wealth Management LLC purchased a new stake in Target in the 3rd quarter worth approximately $1,236,000. LJI Wealth Management LLC increased its holdings in Target by 446.4% in the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after acquiring an additional 19,474 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY raised its stake in Target by 12.3% during the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 177,721 shares of the retailer’s stock worth $15,942,000 after acquiring an additional 19,492 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Target from $91.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. Bank of America assumed coverage on shares of Target in a research note on Friday, February 27th. They set an “underperform” rating and a $103.00 target price on the stock. Oppenheimer upped their target price on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 4th. Finally, Barclays increased their price target on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Target presently has an average rating of “Hold” and a consensus price target of $116.32.

Target Trading Up 0.3%

Shares of TGT opened at $116.32 on Thursday. The stock has a market capitalization of $52.68 billion, a PE ratio of 14.31, a P/E/G ratio of 4.82 and a beta of 1.12. The company’s fifty day moving average is $113.57 and its 200 day moving average is $100.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $126.00.

Target (NYSE:TGT) 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 business had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same quarter last year, the business earned $2.41 earnings per share. Target’s quarterly revenue was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.9%. Target’s dividend payout ratio (DPR) is currently 56.09%.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

About Target

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.