Intech Investment Management LLC Decreases Stock Holdings in Target Corporation $TGT

Intech Investment Management LLC cut its stake in Target Corporation (NYSE:TGT) by 44.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,057 shares of the retailer’s stock after selling 53,903 shares during the period. Intech Investment Management LLC’s holdings in Target were worth $6,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Target by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after buying an additional 6,481,560 shares in the last quarter. State Street Corp raised its holdings in shares of Target by 4.3% during the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock worth $3,624,016,000 after acquiring an additional 1,529,026 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Target by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock valued at $1,602,825,000 after acquiring an additional 277,176 shares during the last quarter. Norges Bank purchased a new stake in shares of Target in the second quarter valued at about $578,009,000. Finally, Invesco Ltd. increased its position in Target by 9.6% during the second quarter. Invesco Ltd. now owns 3,549,382 shares of the retailer’s stock worth $350,146,000 after purchasing an additional 310,205 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TGT. Citigroup boosted their target price on shares of Target from $89.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $125.00 price target on shares of Target in a research report on Thursday, January 15th. TD Cowen decreased their price objective on Target from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. BMO Capital Markets lowered their price objective on Target from $95.00 to $90.00 and set a “market perform” rating for the company in a research report on Thursday, November 20th. Finally, Evercore set a $105.00 target price on Target in a research report on Tuesday, February 17th. Ten research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $107.24.

Target Stock Down 1.0%

Shares of NYSE TGT opened at $113.70 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $107.74 and its two-hundred day moving average is $97.77. Target Corporation has a 52-week low of $83.44 and a 52-week high of $127.06. The firm has a market cap of $51.48 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 11.58 and a beta of 1.14.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be paid a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 4.0%. Target’s dividend payout ratio is presently 55.34%.

Target News Roundup

Here are the key news stories impacting Target this week:

• Positive Sentiment: Wells Fargo raised its price target to $130 and reiterated an “overweight” rating, signaling a sizable upside vs. current levels and offering a strong analyst vote of confidence for the stock. Benzinga
• Positive Sentiment: Target announced it will sell only cereals made without certified synthetic colors by the end of May — a retailer-leading move that supports merchandising authority, ESG positioning, and could strengthen brand perception. PR Newswire
• Positive Sentiment: Target and Roller Rabbit will launch an exclusive spring collection (250+ items) to drive traffic and seasonal sales — a merchandising collaboration that may support comp trends if it resonates with customers. PR Newswire
• Neutral Sentiment: JPMorgan raised its price target to $115 but kept a “neutral” rating — a modest upward revision that offers some support but stops short of a bullish endorsement. Benzinga TickerReport
• Neutral Sentiment: Zacks commentary and multiple analyst pieces flag Target as a “trending” / value candidate ahead of results — useful for investors evaluating relative valuation and estimates but not an immediate catalyst. Zacks
• Negative Sentiment: Bank of America initiated coverage with an “underperform” rating and $103 price target — a fresh analyst downside that adds selling pressure and gives investors a lower-conviction view. Finviz
• Negative Sentiment: Sanford C. Bernstein cut its price target to $91 and kept an “underperform” stance, representing a material downside and reinforcing a segment of analyst skepticism about near-term performance. Benzinga
• Negative Sentiment: Reuters reports growing investor agitation and leadership scrutiny tied to merchandising and policy decisions over the past three years — governance concerns can pressure the stock if activists push for changes or if execution missteps persist. Reuters

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.