Target Corporation $TGT Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in shares of Target Corporation (NYSE:TGT) by 72.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,372 shares of the retailer’s stock after selling 62,453 shares during the period. Crossmark Global Holdings Inc.’s holdings in Target were worth $2,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 worth $5,195,953,000 after purchasing an additional 6,481,560 shares during the period. State Street Corp grew its position in Target by 4.3% during the second quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock worth $3,624,016,000 after buying an additional 1,529,026 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Target by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock valued at $1,602,825,000 after buying an additional 277,176 shares in the last quarter. Norges Bank purchased a new stake in shares of Target during the 2nd quarter worth approximately $578,009,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Target by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock worth $453,050,000 after acquiring an additional 122,300 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TGT shares. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and raised their price target for the company from $91.00 to $116.00 in a research report on Wednesday. Wolfe Research upgraded shares of Target from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Bank of America assumed coverage on shares of Target in a research report on Friday, February 27th. They issued an “underperform” rating and a $103.00 price target on the stock. Barclays lifted their price objective on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 4th. Finally, TD Cowen cut their price target on Target from $105.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, November 20th. Eleven research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Target currently has an average rating of “Hold” and a consensus target price of $115.76.

Target Stock Performance

Target stock opened at $120.56 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The firm’s fifty day moving average price is $110.01 and its 200 day moving average price is $98.27. The company has a market capitalization of $54.59 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 5.23 and a beta of 1.12. Target Corporation has a 12-month low of $83.44 and a 12-month high of $126.00.

Target (NYSE:TGT) last released its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping 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 business 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 company earned $2.41 earnings per share. The business’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. On average, research analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. Target’s payout ratio is 56.09%.

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.