Connor Clark & Lunn Investment Management Ltd. Has $35.54 Million Holdings in Target Corporation $TGT

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in Target Corporation (NYSE:TGT) by 32.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 396,201 shares of the retailer’s stock after selling 193,175 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Target were worth $35,539,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. increased its holdings in Target by 32.3% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 401 shares of the retailer’s stock worth $41,000 after purchasing an additional 98 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Target by 0.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 17,618 shares of the retailer’s stock valued at $1,738,000 after purchasing an additional 100 shares in the last quarter. Binnacle Investments Inc boosted its position in shares of Target by 11.4% during the second quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after buying an additional 104 shares during the last quarter. Empirical Finance LLC grew its holdings in Target by 0.7% during the second quarter. Empirical Finance LLC now owns 16,271 shares of the retailer’s stock worth $1,605,000 after buying an additional 109 shares in the last quarter. Finally, Obermeyer Wealth Partners grew its holdings in Target by 4.0% during the third quarter. Obermeyer Wealth Partners now owns 2,860 shares of the retailer’s stock worth $257,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TGT. Guggenheim raised their price objective on Target from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Piper Sandler upped their target price on shares of Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Morgan Stanley increased their target price on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Barclays boosted their price target on shares of Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Target in a research 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 given a Sell rating to the company. According to MarketBeat.com, Target currently has an average rating of “Hold” and an average price target of $116.45.

Target Trading Down 2.7%

NYSE:TGT opened at $115.62 on Friday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The firm’s 50 day moving average is $111.69 and its 200 day moving average is $98.84. The stock has a market capitalization of $52.35 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 5.08 and a beta of 1.12.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $30.52 billion. During the same period in the prior year, the company earned $2.41 earnings per share. Target’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. Sell-side analysts expect that Target Corporation will post 8.69 earnings per share for the current year.

Target Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be issued a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.9%. Target’s dividend payout ratio (DPR) is 56.09%.

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.