Edgar Lomax Co. VA Cuts Stake in Target Corporation $TGT

Edgar Lomax Co. VA cut its holdings in shares of Target Corporation (NYSE:TGT) by 22.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 402,280 shares of the retailer’s stock after selling 117,795 shares during the period. Target accounts for approximately 2.8% of Edgar Lomax Co. VA’s investment portfolio, making the stock its 13th biggest holding. Edgar Lomax Co. VA owned about 0.09% of Target worth $36,085,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. WFA of San Diego LLC purchased a new stake in Target in the second quarter valued at about $25,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Target during the third quarter valued at about $27,000. Tripletail Wealth Management LLC purchased a new position in shares of Target in the 3rd quarter valued at approximately $31,000. Key Financial Inc boosted its stake in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares in the last quarter. Finally, VSM Wealth Advisory LLC boosted its stake in Target by 1,113.8% in the 2nd quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer’s stock worth $35,000 after purchasing an additional 323 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Performance

NYSE TGT opened at $120.48 on Friday. The firm has a market capitalization of $54.55 billion, a P/E ratio of 14.82 and a beta of 1.12. The stock has a 50-day simple moving average of $109.59 and a two-hundred day simple moving average of $98.22. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.94. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $126.00.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $30.52 billion. During the same period last year, the company earned $2.41 earnings per share. Target’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 analysts forecast that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th were issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, February 11th. Target’s payout ratio is 56.09%.

Key Headlines Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Q4 beat + clear turnaround roadmap — Target beat adjusted EPS estimates and gave FY/Q1 guidance while unveiling a multi-year growth plan (store investments, remodels, tech/AI). That combination is the primary bullish catalyst. Margins Up, Foot Traffic Down
• Positive Sentiment: Large store expansion and remodel program — Target plans to open >30 stores in 2026 and has a long‑term target of ~300 new stores by 2035, plus >130 remodels this year, which supports comp and square‑foot growth expectations. Target Challenges Retail Rivals With 300-Store Growth Plan
• Positive Sentiment: Investment/AI narrative lifted sentiment — Management’s $2B+ fiscal‑2026 investment plan and AI-driven digital efforts were flagged as growth levers; headlines tied these moves to a notable intraday rally. Target Stock Rises 7% After Unveiling Bold Multi-Year Growth Strategy
• Positive Sentiment: Analyst upgrades and higher price targets — Several firms (UBS, Oppenheimer, Telsey, Guggenheim, BMO and others) raised targets and ratings after the investor day/earnings release, which supports momentum and institutional buying interest. (Multiple broker reports compiled across news outlets.)
• Neutral Sentiment: Mixed analyst moves — Some banks raised price targets but maintained neutral/market‑perform ratings (e.g., JPMorgan, Citigroup, Piper). Those changes are supportive but reflect cautious conviction.
• Negative Sentiment: Top‑line weakness and foot‑traffic headwinds remain — Revenue was down ~1.5% y/y in the quarter and commentary noted weaker foot traffic in some categories, a reminder that execution risk on the turnaround is real. Target: Sales Remain Weak, Shares Fairly Valued
• Negative Sentiment: Cautious / bearish analyst notes persist — Bank of America kept an underperform stance and some firms still express execution risk; BNP Paribas Exane’s underperform view (even with a higher PT) highlights downside scenarios if comps don’t recover. Target’s turnaround faces execution risks, says Bank of America

Analyst Ratings Changes

A number of research firms have issued reports on TGT. UBS Group raised their price target on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company upped their target price on Target from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Barclays lifted their price target on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research report on Wednesday. Truist Financial boosted their price target on Target from $90.00 to $121.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Citigroup raised their price objective on Target from $110.00 to $117.00 and gave the stock a “neutral” rating in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $115.76.

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.