Daymark Wealth Partners LLC Sells 39,693 Shares of Target Corporation $TGT

Daymark Wealth Partners LLC cut its holdings in Target Corporation (NYSE:TGT) by 41.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,083 shares of the retailer’s stock after selling 39,693 shares during the period. Daymark Wealth Partners LLC’s holdings in Target were worth $5,384,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. WFA of San Diego LLC bought a new position in Target in the second quarter valued at $25,000. Heartwood Wealth Advisors LLC acquired a new stake in Target in the 3rd quarter valued at $27,000. Global Wealth Strategies & Associates lifted its position in Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares in the last quarter. Tripletail Wealth Management LLC bought a new stake in Target during the 3rd quarter worth about $31,000. Finally, Key Financial Inc boosted its stake in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after buying an additional 151 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value 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. The trade was a 14.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BNP Paribas Exane raised their price objective on Target from $63.00 to $88.00 and gave the company an “underperform” rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on Target in a report on Thursday, January 8th. Wolfe Research upgraded Target from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, January 27th. Bank of America assumed coverage on Target in a research report on Friday, February 27th. They set an “underperform” rating and a $103.00 price target on the stock. Finally, Evercore set a $105.00 price objective on Target in a research note on Tuesday, February 17th. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.32.

Target Stock Performance

NYSE:TGT opened at $115.84 on Wednesday. The stock has a 50 day simple moving average of $113.44 and a 200 day simple moving average of $100.05. The stock has a market cap of $52.46 billion, a P/E ratio of 14.25, a PEG ratio of 4.78 and a beta of 1.12. Target Corporation has a 1-year low of $83.44 and a 1-year high of $126.00. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last issued 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. The firm had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm 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 anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently declared 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. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is currently 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.