RNC Capital Management LLC Grows Holdings in Target Corporation $TGT

RNC Capital Management LLC increased its position in shares of Target Corporation (NYSE:TGT) by 143.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,293 shares of the retailer’s stock after buying an additional 5,470 shares during the period. RNC Capital Management LLC’s holdings in Target were worth $908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TGT. Neumann Capital Management LLC grew its position 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 during the last quarter. Binnacle Investments Inc grew its position in shares of Target by 11.4% during the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer’s stock valued at $100,000 after buying an additional 104 shares during the last quarter. Obermeyer Wealth Partners grew its position in shares of 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 buying an additional 110 shares during the last quarter. JNBA Financial Advisors grew its position in shares of 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 buying an additional 110 shares during the last quarter. Finally, AlTi Global Inc. grew its position in shares of Target by 3.5% during the 3rd quarter. AlTi Global Inc. now owns 3,608 shares of the retailer’s stock valued at $323,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. BMO Capital Markets boosted their price objective on shares of Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Wednesday, March 4th. DA Davidson upped their target price on shares of Target from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane upped their target price on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $117.39.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Target Price Performance

NYSE TGT opened at $127.83 on Tuesday. The company has a 50-day moving average price of $120.55 and a two-hundred day moving average price of $106.67. The stock has a market cap of $58.06 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 5.37 and a beta of 1.01. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. 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 (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The company had revenue of $30.45 billion during 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 business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business 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. Analysts forecast that Target Corporation will post 8.02 EPS for the current year.

Target Announces Dividend

The business also recently declared 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. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio 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.