Prana Capital Management LP Has $351,000 Position in Target Corporation $TGT

Prana Capital Management LP trimmed its stake in Target Corporation (NYSE:TGT) by 92.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,918 shares of the retailer’s stock after selling 45,528 shares during the quarter. Prana Capital Management LP’s holdings in Target were worth $351,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Target by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after buying an additional 6,481,560 shares during the period. State Street Corp raised its stake in Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after buying an additional 911,964 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Target by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer’s stock worth $1,602,825,000 after acquiring an additional 277,176 shares in the last quarter. Norges Bank bought a new position in Target in the second quarter worth approximately $578,009,000. Finally, Dimensional Fund Advisors LP grew its stake in Target by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after acquiring an additional 122,300 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

Target Stock Down 0.2%

TGT stock opened at $116.77 on Wednesday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $126.00. 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 stock’s 50 day moving average is $112.58 and its 200-day moving average is $99.30. The firm has a market capitalization of $52.88 billion, a PE ratio of 14.36, a P/E/G ratio of 5.00 and a beta of 1.12.

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 the consensus estimate of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.41 earnings per share. 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 EPS for the current fiscal year.

Target Announces Dividend

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

Wall Street Analysts Forecast Growth

TGT has been the subject of several recent research reports. Roth Mkm set a $88.00 price objective on Target in a report on Thursday, November 20th. Robert W. Baird cut their target price on Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Piper Sandler lifted their price target on shares of Target from $102.00 to $119.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $91.00 to $116.00 in a research note on Wednesday, March 4th. Finally, Wolfe Research upgraded shares of Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Eleven investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and a consensus target price of $116.45.

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.