Focus Financial Network Inc. Sells 5,424 Shares of Target Corporation $TGT

Focus Financial Network Inc. trimmed its position in shares of Target Corporation (NYSE:TGT) by 18.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 23,256 shares of the retailer’s stock after selling 5,424 shares during the quarter. Focus Financial Network Inc.’s holdings in Target were worth $2,273,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. First Trust Advisors LP grew its holdings in Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after purchasing an additional 124,371 shares during the last quarter. CWM LLC raised its position in Target by 41.5% in the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after purchasing an additional 11,378 shares during the period. Twelve Points Wealth Management LLC bought a new stake in Target in the third quarter worth about $1,236,000. LJI Wealth Management LLC lifted its stake in Target by 446.4% in the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after purchasing an additional 19,474 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY boosted its position in shares of Target by 12.3% during the third quarter. Matrix Asset Advisors Inc. NY now owns 177,721 shares of the retailer’s stock valued at $15,942,000 after buying an additional 19,492 shares during the period. Institutional investors own 79.73% of the company’s stock.

Target Stock Up 0.3%

Shares of Target stock opened at $116.32 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The stock has a market cap of $52.68 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 4.82 and a beta of 1.12. The firm’s 50-day moving average is $113.57 and its two-hundred day moving average is $100.16. Target Corporation has a 1 year low of $83.44 and a 1 year high of $126.00.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The business had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same quarter in the previous year, the business posted $2.41 EPS. The company’s quarterly 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, research analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. Target’s dividend payout ratio is currently 56.09%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TGT shares. Morgan Stanley upped their target price on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. raised their price target on Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Citigroup boosted their price objective on Target from $110.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Wolfe Research raised Target from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Finally, Barclays increased their target price on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Target presently has a consensus rating of “Hold” and an average price target of $116.32.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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.