Crossmark Global Holdings Inc. Buys 6,993 Shares of Target Corporation $TGT

Crossmark Global Holdings Inc. raised its stake in Target Corporation (NYSE:TGT) by 29.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,365 shares of the retailer’s stock after buying an additional 6,993 shares during the period. Crossmark Global Holdings Inc.’s holdings in Target were worth $2,968,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TGT. WFA of San Diego LLC bought a new position in shares of Target in the 2nd quarter worth $25,000. Global Wealth Strategies & Associates increased its holdings in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Target in the 4th quarter worth $30,000. Key Financial Inc grew its holdings in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after purchasing an additional 151 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Target by 168.9% during the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock valued at $35,000 after purchasing an additional 223 shares during the last quarter. Institutional investors 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 firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This trade represents a 14.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by company insiders.

Target Price Performance

Shares of Target stock opened at $118.48 on Tuesday. The firm has a market cap of $53.81 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 5.22 and a beta of 1.01. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. 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 company’s fifty day simple moving average is $121.60 and its two-hundred day simple moving average is $107.88.

Target (NYSE:TGT) last announced its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion for 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 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. As a group, equities analysts expect that Target Corporation will post 8.02 EPS for the current year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders 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 yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is 56.09%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TGT. Wolfe Research raised shares of Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. 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. DA Davidson increased their target price on shares of Target from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, March 9th. Sanford C. Bernstein raised shares of Target from an “underperform” rating to a “market perform” rating and increased their target price for the company from $91.00 to $116.00 in a report on Wednesday, March 4th. Finally, Truist Financial increased their target price on shares of Target from $90.00 to $121.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Eleven analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $118.04.

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.