California Public Employees Retirement System Sells 664,410 Shares of Target Corporation $TGT

California Public Employees Retirement System trimmed its holdings in Target Corporation (NYSE:TGT) by 30.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,500,986 shares of the retailer’s stock after selling 664,410 shares during the quarter. California Public Employees Retirement System owned approximately 0.33% of Target worth $134,638,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TGT. Chiron Capital Management LLC grew its position in Target by 191.7% in the 3rd quarter. Chiron Capital Management LLC now owns 7,614 shares of the retailer’s stock valued at $683,000 after acquiring an additional 5,004 shares during the last quarter. Bcwm LLC lifted its position in shares of Target by 0.6% during the third quarter. Bcwm LLC now owns 52,216 shares of the retailer’s stock worth $4,684,000 after purchasing an additional 333 shares during the last quarter. BNP Paribas lifted its position in shares of Target by 2,319.3% during the third quarter. BNP Paribas now owns 5,758 shares of the retailer’s stock worth $517,000 after purchasing an additional 5,520 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Target by 4.4% during the third quarter. Alliancebernstein L.P. now owns 554,320 shares of the retailer’s stock valued at $49,723,000 after purchasing an additional 23,430 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of Target by 35.9% during the third quarter. Lazard Asset Management LLC now owns 196,078 shares of the retailer’s stock valued at $17,588,000 after purchasing an additional 51,749 shares during the period. 79.73% of the stock is owned by institutional investors.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: New CEO Michael Fiddelke is cutting prices on roughly 3,000 apparel, home and daily‑essentials items to drive traffic and regain share — a clear, market‑visible action intended to boost comps and curb share loss to discount rivals. Target Accelerates Growth Plan With Price Cuts
• Positive Sentiment: UBS highlights Target’s commitment to a self‑funded turnaround, noting management plans to deploy roughly $2 billion in 2026 to execute price/mix, inventory and marketing initiatives — a capital commitment that suggests management confidence and could reassure investors about execution. UBS: Target investing $2 billion to execute turnaround in 2026
• Positive Sentiment: DA Davidson raised its price target to $140 (maintaining a Buy), which can lift sentiment and provide cover for momentum buying as investors re‑rate the stock on the turnaround thesis. DA Davidson Raises Target (TGT) PT to $140
• Neutral Sentiment: Coverage frames the moves as a needed response to lost share versus discount competitors; the narrative supports a plausible recovery but execution risk remains high — context piece on the strategy and competitive positioning. Target’s Been Falling Behind Discount Retail Rivals. Its New CEO Wants to Change That.
• Neutral Sentiment: Several market writeups and bullish theses debate valuation (TGT’s P/E and forward estimates) and whether the turnaround will restore prior margins — useful background but outcome‑dependent. Is Target Corporation (TGT) A Good Stock To Buy Now?
• Negative Sentiment: Reuters and others caution that past price cuts produced only short‑lived sales bumps, raising execution risk that current cuts may not sustainably grow traffic or margin. New Target CEO slashes prices. Previous cuts offered short-lived sales boost.
• Negative Sentiment: Ongoing consumer protest over prior DEI decisions remains active in some locales, a reputational/traffic risk that could blunt the effectiveness of promotional moves. Boycott of Target over DEI cuts still active, local organizers say

Target Stock Performance

TGT stock opened at $117.35 on Monday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $126.00. The business has a 50-day moving average price of $112.03 and a 200 day moving average price of $99.01. The company has a market capitalization of $53.14 billion, a P/E ratio of 14.43, a PEG ratio of 5.02 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.28. The company had revenue of $30.45 billion for 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 quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $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. As a group, equities research analysts forecast that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be paid 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 3.9%. Target’s dividend payout ratio (DPR) is currently 56.09%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Guggenheim raised their price target on shares of Target from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. TD Cowen lowered their price objective on shares of Target from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, November 20th. The Goldman Sachs Group upped their target price on shares of Target from $91.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Bank of America assumed coverage on shares of Target in a research report on Friday, February 27th. They set an “underperform” rating and a $103.00 target price on the stock. Finally, UBS Group lifted their price target on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, twenty 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 target price of $116.45.

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.