Pallas Capital Advisors LLC Has $2.06 Million Position in Target Corporation $TGT

Pallas Capital Advisors LLC raised its position in Target Corporation (NYSE:TGT) by 80.2% in the 4th quarter, Holdings Channel reports. The firm owned 21,068 shares of the retailer’s stock after buying an additional 9,376 shares during the period. Pallas Capital Advisors LLC’s holdings in Target were worth $2,059,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after purchasing an additional 124,371 shares during the period. CWM LLC raised its holdings in Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after buying an additional 11,378 shares during the period. Twelve Points Wealth Management LLC bought a new position in Target in the third quarter valued at approximately $1,236,000. LJI Wealth Management LLC lifted its stake in Target by 446.4% in the third quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after buying an additional 19,474 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY boosted its holdings in shares of Target by 12.3% in the third quarter. Matrix Asset Advisors Inc. NY now owns 177,721 shares of the retailer’s stock valued at $15,942,000 after buying an additional 19,492 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the firm’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 in the company, 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 owned by insiders.

Target Stock Performance

Shares of TGT stock opened at $119.76 on Friday. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The company’s fifty day simple moving average is $113.86 and its 200-day simple moving average is $100.54. The firm has a market cap of $54.24 billion, a PE ratio of 14.73, a P/E/G ratio of 4.99 and a beta of 1.12. 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 earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter 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. Equities research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. Target’s dividend payout ratio (DPR) is presently 56.09%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Argus cut their price objective on shares of Target from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Monday, December 1st. UBS Group upped their target price on shares of Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Wells Fargo & Company lifted their price target on Target from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Bank of America began coverage on Target in a report on Friday, February 27th. They issued an “underperform” rating and a $103.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $116.32.

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.