Meyer Handelman Co. Cuts Stock Position in Target Corporation $TGT

Meyer Handelman Co. lessened its holdings in Target Corporation (NYSE:TGT) by 25.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,659 shares of the retailer’s stock after selling 8,846 shares during the period. Meyer Handelman Co.’s holdings in Target were worth $2,508,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WFA of San Diego LLC bought a new position in Target during the second quarter valued at $25,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Target in the 3rd quarter worth about $27,000. Global Wealth Strategies & Associates raised its position in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after buying an additional 192 shares in the last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter valued at about $31,000. Finally, Key Financial Inc lifted its holdings in shares of Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after acquiring an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Insider Transactions at Target

In related 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 transaction of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on TGT. Deutsche Bank Aktiengesellschaft set a $108.00 price target on Target in a research report on Thursday, January 8th. Truist Financial raised their price objective on Target from $90.00 to $121.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. DA Davidson lifted 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. Royal Bank Of Canada reissued an “outperform” rating and set a $130.00 target price on shares of Target in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company increased their price target on Target from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.32.

Target Stock Performance

Shares of NYSE:TGT opened at $120.98 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The company has a market capitalization of $54.79 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 4.94 and a beta of 1.12. The firm’s 50-day moving average is $114.24 and its 200 day moving average is $101.02.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $30.52 billion. During the same quarter last year, the firm earned $2.41 earnings per share. The firm’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. Research analysts predict that Target Corporation will post 8.69 EPS for the current year.

Target Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. 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 dividend payout ratio (DPR) is currently 56.09%.

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.