Target Corporation $TGT Shares Acquired by Cullen Capital Management LLC

Cullen Capital Management LLC increased its holdings in shares of Target Corporation (NYSE:TGT) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,055,509 shares of the retailer’s stock after purchasing an additional 90,290 shares during the period. Cullen Capital Management LLC’s holdings in Target were worth $94,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Target by 14.7% during the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after buying an additional 6,607,982 shares during the period. State Street Corp grew its position in Target by 4.3% in the second 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in Target by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock valued at $1,602,825,000 after acquiring an additional 277,176 shares in the last quarter. Norges Bank purchased a new stake in shares of Target during the second quarter valued at approximately $578,009,000. Finally, Invesco Ltd. lifted its position in shares of Target by 9.6% during the second quarter. Invesco Ltd. now owns 3,549,382 shares of the retailer’s stock worth $350,146,000 after purchasing an additional 310,205 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Key Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: New CEO Michael Fiddelke told employees that technology, merchandise and in-store experience are top priorities — investors often reward clear operational plans from an insider CEO who can drive execution. Target’s New CEO Says Technology Is a Top Priority
• Positive Sentiment: Large investors are adding shares — AlphaQuest disclosed a new position, signaling institutional confidence or at least interest in the risk/reward. AlphaQuest LLC Takes Position in Target Corporation $TGT
• Positive Sentiment: Analyst/ratings momentum: Wolfe upgraded Target to Peer Perform, improving the stock’s perceived risk/reward and supporting the rally. Target (TGT) Upgraded as Risk-Reward Improves Despite Lower Earnings Outlook
• Positive Sentiment: Dividend and valuation narrative remains supportive — coverage highlights Target’s high dividend yield and low forward P/E, which can attract income-focused buyers. 3 Consumer Dividend Stocks to Buy for High-Yield Dividend Growth
• Neutral Sentiment: Corporate goodwill/ESG: Target marked a 10th year of 1M volunteer hours and committed $1M to community programs — positive for brand but a longer-term, non-financial catalyst. Target Celebrates 10th Year of 1 Million Volunteer Hours…
• Neutral Sentiment: Attention and short-term flow: Several headlines note Target as a trending stock and intraday gains, which can amplify moves but don’t change fundamentals. Here is What to Know Beyond Why Target Corporation (TGT) is a Trending Stock
• Negative Sentiment: Management acknowledged the company “lost trust” with shoppers and staff — candid admissions can pressure sentiment if investors worry about execution risk and brand recovery time. Target’s new CEO admits retailer has lost trust with shoppers, staff: report
• Negative Sentiment: Some analyst context is bearish: Evercore’s moved its price target to $100 with an “in-line” rating — that target sits below current trading levels and may cap upside if more analysts cut forecasts. Evercore raises price target to $100 (Benzinga)

Target Stock Up 2.5%

NYSE:TGT opened at $114.11 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.27 and a current ratio of 0.97. The company has a market capitalization of $51.67 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 11.41 and a beta of 1.14. Target Corporation has a one year low of $83.44 and a one year high of $137.05. The stock has a 50-day simple moving average of $100.79 and a 200 day simple moving average of $96.51.

Target (NYSE:TGT) last released its earnings results on Wednesday, November 19th. The retailer reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.07. The company had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $25.44 billion. Target had a return on equity of 22.74% and a net margin of 3.58%.Target’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. Target has set its FY 2025 guidance at 7.000-8.000 EPS. Sell-side analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be paid a dividend of $1.14 per share. The ex-dividend date is Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 4.0%. Target’s dividend payout ratio (DPR) is 55.34%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TGT shares. DA Davidson set a $120.00 target price on shares of Target in a research note on Monday, January 12th. Bank of America decreased their price objective on shares of Target from $93.00 to $80.00 and set an “underperform” rating for the company in a research report on Thursday, November 20th. Telsey Advisory Group restated a “market perform” rating and set a $110.00 target price on shares of Target in a research note on Friday, November 14th. Truist Financial boosted their price target on Target from $83.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, November 20th. Finally, BMO Capital Markets lowered their price objective on Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research note on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $103.21.

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.