Aberdeen Group plc Sells 5,636 Shares of Target Corporation $TGT

Aberdeen Group plc trimmed its holdings in shares of Target Corporation (NYSE:TGT) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 574,744 shares of the retailer’s stock after selling 5,636 shares during the quarter. Aberdeen Group plc owned 0.13% of Target worth $56,181,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position 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 valued at $5,195,953,000 after acquiring an additional 6,481,560 shares during the period. State Street Corp raised its position in Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after acquiring an additional 911,964 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Target by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock worth $453,050,000 after purchasing an additional 122,300 shares in the last quarter. Invesco Ltd. grew its position in shares of Target by 10.2% in the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock valued at $350,742,000 after purchasing an additional 360,781 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Target by 0.8% during the third quarter. Legal & General Group Plc now owns 3,309,746 shares of the retailer’s stock valued at $296,884,000 after acquiring an additional 25,989 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Performance

Shares of Target stock opened at $120.56 on Friday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The stock’s fifty day moving average price is $115.06 and its 200-day moving average price is $101.51. The firm has a market cap of $54.60 billion, a P/E ratio of 14.83, a P/E/G ratio of 5.01 and a beta of 1.03. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, equities research analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a dividend of $1.14 per share. 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 3.8%. Target’s dividend payout ratio (DPR) is presently 56.09%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TGT shares. Oppenheimer boosted their price target on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. UBS Group upped their target price on Target from $130.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Citigroup raised their price target on shares of Target from $110.00 to $117.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Finally, Wolfe Research raised shares of Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $116.32.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.