MassMutual Private Wealth & Trust FSB Sells 15,509 Shares of Target Corporation $TGT

MassMutual Private Wealth & Trust FSB lowered its position in Target Corporation (NYSE:TGT) by 55.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,304 shares of the retailer’s stock after selling 15,509 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Target were worth $1,203,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Target Trading Down 1.3%

Shares of NYSE:TGT opened at $113.03 on Friday. 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 moving average is $113.12 and its 200-day moving average is $99.68. The company has a market cap of $51.19 billion, a P/E ratio of 13.90, a P/E/G ratio of 4.71 and a beta of 1.12. 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 the consensus estimate of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’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 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The firm also recently disclosed 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. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio is currently 56.09%.

Wall Street Analyst Weigh In

Several research firms have commented on TGT. Argus lowered their target price on shares of Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, December 1st. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price target on shares of Target in a research note on Thursday, December 18th. Bank of America started coverage on Target in a report on Friday, February 27th. They set an “underperform” rating and a $103.00 price objective on the stock. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $91.00 to $116.00 in a report on Wednesday, March 4th. Finally, Wolfe Research raised Target from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Eleven analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.