Target Corporation $TGT Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in shares of Target Corporation (NYSE:TGT) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,004 shares of the retailer’s stock after selling 5,702 shares during the period. Arizona State Retirement System’s holdings in Target were worth $12,415,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. WFA of San Diego LLC purchased a new stake in shares of Target during the second quarter worth approximately $25,000. Global Wealth Strategies & Associates raised its stake in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Target during the fourth quarter worth approximately $30,000. Tripletail Wealth Management LLC purchased a new stake in shares of Target during the third quarter worth approximately $31,000. Finally, Key Financial Inc raised its stake in shares of Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction that occurred on 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 directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This trade 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 the SEC website. Insiders own 0.16% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $129.07 on Friday. 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 market cap of $58.45 billion, a P/E ratio of 15.88, a PEG ratio of 5.43 and a beta of 1.03. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. The company has a 50-day moving average price of $119.53 and a 200 day moving average price of $105.42.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter last year, the firm earned $2.41 earnings per share. The firm’s 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. Research analysts predict that Target Corporation will post 8.02 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 56.09%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TGT shares. JPMorgan Chase & Co. upped their price target on Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. DA Davidson upped their price target on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Barclays raised their price objective on shares of Target from $91.00 to $108.00 and gave the company an “underweight” rating in a research report on Wednesday, March 4th. Piper Sandler raised their price objective on shares of Target from $102.00 to $119.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Finally, UBS Group raised their price objective on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus price target of $117.39.

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.