Securian Asset Management Inc. Sells 9,581 Shares of Target Corporation $TGT

Securian Asset Management Inc. trimmed its stake in Target Corporation (NYSE:TGT) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,356 shares of the retailer’s stock after selling 9,581 shares during the period. Securian Asset Management Inc.’s holdings in Target were worth $1,208,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Neumann Capital Management LLC boosted its holdings in shares of Target by 0.8% during the 4th quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer’s stock valued at $1,298,000 after buying an additional 100 shares in the last quarter. Binnacle Investments Inc increased its stake in shares of Target by 11.4% in the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock worth $100,000 after acquiring an additional 104 shares in the last quarter. Obermeyer Wealth Partners lifted its position in Target by 4.0% during the 3rd quarter. Obermeyer Wealth Partners now owns 2,860 shares of the retailer’s stock valued at $257,000 after acquiring an additional 110 shares during the period. JNBA Financial Advisors lifted its position in Target by 3.4% during the 4th quarter. JNBA Financial Advisors now owns 3,361 shares of the retailer’s stock valued at $329,000 after acquiring an additional 110 shares during the period. Finally, AlTi Global Inc. boosted its stake in Target by 3.5% during the third quarter. AlTi Global Inc. now owns 3,608 shares of the retailer’s stock worth $323,000 after acquiring an additional 122 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Price Performance

Shares of TGT opened at $121.85 on Wednesday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. The company has a market capitalization of $55.34 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 4.94 and a beta of 1.01. The firm has a 50 day moving average of $121.77 and a 200 day moving average of $108.07. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT) last released its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.28. The business had revenue of $30.45 billion for 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 firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $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 research analysts anticipate that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. Target’s dividend payout ratio (DPR) is 56.09%.

Insiders Place Their Bets

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TGT. Telsey Advisory Group raised shares of Target from a “market perform” rating to an “outperform” rating and raised their target price for the company from $110.00 to $145.00 in a research note on Wednesday, March 4th. Truist Financial boosted their price target on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Barclays upped their price target on Target from $108.00 to $115.00 and gave the stock an “underweight” rating in a research note on Tuesday. Mizuho set a $120.00 price objective on Target in a research note on Thursday, March 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $132.00 target price on shares of Target in a report on Friday. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $118.64.

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.