Target Corporation $TGT Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its holdings in Target Corporation (NYSE:TGT) by 23.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,889 shares of the retailer’s stock after selling 30,388 shares during the quarter. Korea Investment CORP’s holdings in Target were worth $9,139,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TGT. First Trust Advisors LP raised its stake in shares of Target by 10.9% in the third quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after acquiring an additional 124,371 shares in 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 valued at $3,482,000 after purchasing an additional 11,378 shares in the last quarter. Twelve Points Wealth Management LLC purchased a new position in shares of Target in the 3rd quarter valued at about $1,236,000. QVR LLC purchased a new position in shares of Target in the 2nd quarter valued at about $11,014,000. Finally, LJI Wealth Management LLC grew its position in shares of Target by 446.4% during the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after buying an additional 19,474 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Target Stock Performance

Shares of TGT stock opened at $118.72 on Thursday. The stock’s 50-day moving average is $111.33 and its two-hundred day moving average is $98.73. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. Target Corporation has a 1 year low of $83.44 and a 1 year high of $126.00. The firm has a market cap of $53.76 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 5.21 and a beta of 1.12.

Target (NYSE:TGT) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. The firm 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 business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior 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. Analysts predict that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

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

Wall Street Analyst Weigh In

TGT has been the subject of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price target on shares of Target in a report on Thursday, December 18th. Mizuho set a $120.00 target price on shares of Target in a research note on Thursday, March 5th. Argus dropped their target price on Target from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Monday, December 1st. Sanford C. Bernstein raised Target from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $91.00 to $116.00 in a report on Wednesday, March 4th. Finally, Piper Sandler increased their price objective on Target from $102.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $116.45.

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.