Foster & Motley Inc. Has $2.88 Million Stake in Target Corporation $TGT

Foster & Motley Inc. reduced its position in Target Corporation (NYSE:TGT) by 12.9% in the 4th quarter, Holdings Channel reports. The firm owned 29,451 shares of the retailer’s stock after selling 4,356 shares during the quarter. Foster & Motley Inc.’s holdings in Target were worth $2,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TGT. Vanguard Group Inc. lifted its holdings in shares of Target by 12.6% during the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock worth $5,195,953,000 after acquiring an additional 6,481,560 shares during the period. State Street Corp increased its stake in Target by 2.5% in the third quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after acquiring an additional 911,964 shares during the period. Dimensional Fund Advisors LP increased its stake in Target by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after acquiring an additional 122,300 shares during the period. Invesco Ltd. raised its position in Target by 10.2% in the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock worth $350,742,000 after purchasing an additional 360,781 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Target by 0.8% in the third quarter. Legal & General Group Plc now owns 3,309,746 shares of the retailer’s stock worth $296,884,000 after purchasing an additional 25,989 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TGT shares. BNP Paribas Exane lifted their price objective on Target from $63.00 to $88.00 and gave the company an “underperform” rating in a report on Wednesday, March 4th. DA Davidson increased their target price on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Finally, Morgan Stanley upped their price target on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $116.32.

Target Price Performance

NYSE:TGT opened at $120.98 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The firm has a market cap of $54.79 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 4.94 and a beta of 1.12. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The company’s 50-day moving average price is $114.24 and its two-hundred day moving average price is $101.02.

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 company 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 company’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $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, equities analysts anticipate that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.8%. Target’s payout ratio is presently 56.09%.

Target 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.