Cane Capital Partners LLC Makes New $454,000 Investment in Target Corporation $TGT

Cane Capital Partners LLC purchased a new position in shares of Target Corporation (NYSE:TGT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,643 shares of the retailer’s stock, valued at approximately $454,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in shares of Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after acquiring an additional 124,371 shares during the last quarter. CWM LLC increased its holdings in shares of Target by 41.5% in the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after acquiring an additional 11,378 shares during the last quarter. Twelve Points Wealth Management LLC purchased a new position in shares of Target in the 3rd quarter valued at about $1,236,000. LJI Wealth Management LLC increased its holdings in shares of Target by 446.4% in the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after acquiring an additional 19,474 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY increased its holdings in shares of Target by 12.3% in the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 177,721 shares of the retailer’s stock valued at $15,942,000 after acquiring an additional 19,492 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was 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 directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Target Trading Down 2.3%

NYSE:TGT opened at $119.46 on Wednesday. The stock’s 50 day moving average price is $115.73 and its 200 day moving average price is $102.14. The company has a market capitalization of $54.10 billion, a PE ratio of 14.69, a P/E/G ratio of 5.01 and a beta of 1.03. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00.

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

Target Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders 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 3.8%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is presently 56.09%.

Analysts Set New Price Targets

A number of research firms have recently commented on TGT. Mizuho set a $120.00 price objective on Target in a report on Thursday, March 5th. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $91.00 to $116.00 in a research note on Wednesday, March 4th. Oppenheimer raised their price target on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 4th. Truist Financial raised their price target on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Finally, Barclays raised their price target on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 4th. Eleven equities research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.32.

About Target

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.