7,275 Shares in Target Corporation $TGT Bought by ABLE Financial Group LLC

ABLE Financial Group LLC acquired a new position in shares of Target Corporation (NYSE:TGT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,275 shares of the retailer’s stock, valued at approximately $711,000.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in 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 purchasing an additional 6,481,560 shares during the last quarter. State Street Corp raised its stake in Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after purchasing an additional 911,964 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Target by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after purchasing an additional 122,300 shares during the last quarter. Invesco Ltd. raised its stake in Target by 10.2% during the 3rd 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 during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Target by 0.8% in the 3rd quarter. Legal & General Group Plc now owns 3,309,746 shares of the retailer’s stock valued at $296,884,000 after buying an additional 25,989 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TGT has been the subject of a number of recent research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $130.00 price objective on shares of Target in a research note on Wednesday, March 4th. Wolfe Research upgraded shares of Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. BNP Paribas Exane increased their price objective on shares of Target from $63.00 to $88.00 and gave the company an “underperform” rating in a research note on Wednesday, March 4th. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $91.00 to $116.00 in a research note on Wednesday, March 4th. Finally, Guggenheim increased their price objective on shares of Target from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.32.

Target Trading Up 0.0%

Shares of Target stock opened at $121.92 on Monday. The stock has a market capitalization of $55.21 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 5.07 and a beta of 1.03. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a 50-day simple moving average of $116.91 and a 200 day simple moving average of $102.89. Target Corporation has a 12-month low of $83.44 and a 12-month high of $126.00.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (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 analysts’ expectations of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Research analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The company also recently announced 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 is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.7%. Target’s dividend payout ratio (DPR) is 56.09%.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the sale, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is owned by company insiders.

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.