Florida Trust Wealth Management Co Decreases Stake in Target Corporation $TGT

Florida Trust Wealth Management Co lessened its holdings in Target Corporation (NYSE:TGT) by 17.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,846 shares of the retailer’s stock after selling 14,561 shares during the period. Florida Trust Wealth Management Co’s holdings in Target were worth $6,730,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its stake in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after purchasing an additional 3,059 shares during the period. Woodline Partners LP increased its position in shares of Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock valued at $4,040,000 after purchasing an additional 11,047 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Target by 270.6% during the 2nd quarter. Fisher Asset Management LLC now owns 19,223 shares of the retailer’s stock worth $1,896,000 after purchasing an additional 14,036 shares during the period. CW Advisors LLC boosted its holdings in shares of Target by 236.2% in the 2nd quarter. CW Advisors LLC now owns 27,682 shares of the retailer’s stock worth $2,731,000 after buying an additional 19,447 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in shares of Target in the 2nd quarter worth about $2,303,000. 79.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Target Trading Up 0.1%

Shares of Target stock opened at $120.56 on Friday. The stock has a market capitalization of $54.60 billion, a P/E ratio of 14.83, a P/E/G ratio of 5.01 and a beta of 1.03. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The stock’s 50-day simple moving average is $115.06 and its 200 day simple moving average is $101.60.

Target (NYSE:TGT) last issued its 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. The firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned $2.41 earnings per share. 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, research analysts anticipate that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.8%. Target’s dividend payout ratio (DPR) is 56.09%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TGT. Jefferies Financial Group restated a “buy” rating and set a $115.00 price objective on shares of Target in a report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $130.00 target price on shares of Target in a research report on Wednesday, March 4th. Bank of America started coverage on shares of Target in a research note on Friday, February 27th. They set an “underperform” rating and a $103.00 price target for the company. Finally, Mizuho set a $120.00 price target on shares of Target in a report on Thursday, March 5th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target currently has a consensus rating of “Hold” and a consensus price target of $116.32.

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.