Cyndeo Wealth Partners LLC Raises Stock Position in Target Corporation $TGT

Cyndeo Wealth Partners LLC lifted its holdings in shares of Target Corporation (NYSE:TGT) by 30.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 88,730 shares of the retailer’s stock after buying an additional 20,462 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Target were worth $8,673,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TGT. Brighton Jones LLC grew its stake in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares in the last quarter. Woodline Partners LP raised its holdings 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 buying an additional 11,047 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Target during the 2nd quarter worth approximately $415,000. Personal CFO Solutions LLC lifted its position in Target by 35.9% during the 2nd quarter. Personal CFO Solutions LLC now owns 8,429 shares of the retailer’s stock worth $832,000 after acquiring an additional 2,227 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Target by 6.7% in the 2nd quarter. Swiss National Bank now owns 1,379,100 shares of the retailer’s stock worth $136,048,000 after acquiring an additional 86,800 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the company’s 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 sale, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Guggenheim lifted their price objective on shares of Target from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. BNP Paribas Exane upped their target price on shares of Target from $63.00 to $88.00 and gave the company an “underperform” rating in a research note on Wednesday, March 4th. Sanford C. Bernstein raised shares of Target from an “underperform” rating to a “market perform” rating and raised their price target for the company from $91.00 to $116.00 in a report on Wednesday, March 4th. DA Davidson lifted their price target on shares of Target from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Finally, Wolfe Research upgraded shares of Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $116.32.

Target Stock Performance

Target stock opened at $113.03 on Friday. Target Corporation has a 52 week low of $83.44 and a 52 week 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. The stock has a market cap of $51.19 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 4.71 and a beta of 1.12. The stock has a 50 day moving average of $113.12 and a 200-day moving average of $99.68.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The business 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 business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. Target’s payout ratio is presently 56.09%.

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.