Gradient Investments LLC Has $44.74 Million Stock Holdings in Target Corporation $TGT

Gradient Investments LLC boosted its stake in Target Corporation (NYSE:TGT) by 61.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 457,664 shares of the retailer’s stock after acquiring an additional 173,675 shares during the quarter. Gradient Investments LLC’s holdings in Target were worth $44,737,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. WFA of San Diego LLC acquired a new position in shares of Target in the second quarter worth $25,000. Heartwood Wealth Advisors LLC acquired a new stake in Target during the third quarter valued at $27,000. Global Wealth Strategies & Associates boosted its position in Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Tripletail Wealth Management LLC purchased a new position in Target in the third quarter valued at about $31,000. Finally, Key Financial Inc grew its stake in Target by 77.4% in the third quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after purchasing an additional 151 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

TGT opened at $113.03 on Monday. 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 company has a market cap of $51.19 billion, a PE 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 $99.73. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating 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 business had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same period last year, the business earned $2.41 EPS. The firm’s revenue 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. As a group, equities research analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

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

Insider Buying and Selling at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the company’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 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 represents a 14.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of a number of recent research reports. Guggenheim raised their price target on Target from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Truist Financial increased their price objective on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 target price on shares of Target in a research note on Thursday, December 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Target presently has a consensus rating of “Hold” and an average price target of $116.32.

Target Company Profile

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.