Rayburn West Financial Services LLC Acquires New Stake in Target Corporation $TGT

Rayburn West Financial Services LLC acquired a new stake in Target Corporation (NYSE:TGT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 30,069 shares of the retailer’s stock, valued at approximately $2,939,000. Target accounts for 1.8% of Rayburn West Financial Services LLC’s holdings, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new position in Target during the 2nd quarter worth $25,000. Global Wealth Strategies & Associates boosted its position in shares of Target by 192.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Target in the 4th quarter valued at about $30,000. Key Financial Inc boosted its position in shares of Target by 77.4% in 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 period. Finally, True Wealth Design LLC boosted its position in shares of Target by 168.9% in 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 period. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TGT. The Goldman Sachs Group upped their target price on Target from $91.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Wells Fargo & Company upped their target price on Target from $135.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday. Wolfe Research raised Target from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. Guggenheim upped their price objective on Target from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Barclays upped their price objective on Target from $108.00 to $115.00 and gave the company an “underweight” rating in a research note on Tuesday. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.71.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Wells Fargo raised its price target on Target to $140 from $135 and kept an Overweight rating, citing an improved setup for the shares. Wells Fargo, Barclays Lift Target (TGT) Price Targets Following Improved Setup
• Positive Sentiment: Truist Financial lifted its price target to $123 from $121 and maintained a Hold rating, signaling modest upside from current levels. Target price target raised by Truist Financial Corporation
• Positive Sentiment: Target saw unusually heavy call option buying, suggesting traders are positioning for a potential move higher ahead of earnings. Target Sees Unusually High Options Volume
• Neutral Sentiment: Analysts expect Target to report earnings growth next week, but one report noted the company may not have the ideal setup for an earnings beat. Target (TGT) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Target is set to release quarterly earnings on Wednesday, keeping the stock in focus as investors look for guidance on sales trends and margins. Target (TGT) to Release Quarterly Earnings on Wednesday
• Negative Sentiment: Bank of America reiterated its Underperform rating and warned that Target faces a tougher sales environment in Q2 as tax refund benefits fade, even though it lifted its Q1 EPS estimate. Target faces tougher sales backdrop after tax refund boost fades

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Target Stock Down 0.3%

TGT opened at $121.47 on Thursday. The business has a 50 day moving average price of $121.93 and a two-hundred day moving average price of $108.26. 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 has a market cap of $55.17 billion, a PE ratio of 14.94, a P/E/G ratio of 5.08 and a beta of 1.01. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10.

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

Target Announces Dividend

The firm 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 dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s dividend payout ratio is 56.09%.

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.