Target Corporation $TGT Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lifted its position in shares of Target Corporation (NYSE:TGT) by 30.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,730 shares of the retailer’s stock after buying an additional 20,462 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Target were worth $8,673,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Target by 12.6% during the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after acquiring an additional 6,481,560 shares during the last quarter. Norges Bank purchased a new stake in Target in the 2nd quarter worth approximately $578,009,000. State Street Corp raised its holdings in Target by 4.3% in the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after acquiring an additional 1,529,026 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Target by 133.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock valued at $219,376,000 after acquiring an additional 1,273,129 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Target by 96.1% during the 2nd quarter. California Public Employees Retirement System now owns 2,165,396 shares of the retailer’s stock worth $213,616,000 after purchasing an additional 1,060,885 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Trading Down 1.3%

TGT stock opened at $113.03 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 $51.19 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 4.71 and a beta of 1.12. The business has a fifty day simple moving average of $113.12 and a 200-day simple moving average of $99.68. Target Corporation has a 52 week low of $83.44 and a 52 week high of $126.00.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter last year, the firm earned $2.41 earnings per share. The firm’s revenue for the quarter 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, equities research analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The company 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 $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is currently 56.09%.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TGT shares. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $91.00 to $116.00 in a report on Wednesday, March 4th. Truist Financial increased their target price on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. UBS Group raised their price target on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Morgan Stanley lifted their price target on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Oppenheimer upped their price objective on shares of Target from $130.00 to $140.00 and gave the company an “outperform” 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $116.32.

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.