LMG Wealth Partners LLC Sells 5,963 Shares of Target Corporation $TGT

LMG Wealth Partners LLC reduced its stake in Target Corporation (NYSE:TGT) by 41.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,303 shares of the retailer’s stock after selling 5,963 shares during the period. LMG Wealth Partners LLC’s holdings in Target were worth $812,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TGT. Brighton Jones LLC boosted its holdings in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock worth $822,000 after acquiring an additional 3,059 shares during the period. Woodline Partners LP boosted its holdings in shares of Target by 39.9% in the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after acquiring an additional 11,047 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Target by 22.8% in the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after acquiring an additional 12,948 shares during the period. Sei Investments Co. raised its position in shares of Target by 8.0% in the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after buying an additional 14,195 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Target by 11.0% in the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock worth $26,910,000 after buying an additional 27,063 shares in the last quarter. 79.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Target 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 transaction of $240,591.07. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Target Trading Down 0.5%

NYSE TGT opened at $129.06 on Friday. The stock’s 50-day simple moving average is $120.55 and its two-hundred day simple moving average is $106.41. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10. 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 capitalization of $58.61 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 5.41 and a beta of 1.01.

Target (NYSE:TGT) last released its quarterly 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 return on equity of 22.25% and a net margin of 3.54%.The business had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter last year, the business posted $2.41 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Research analysts forecast that Target Corporation will post 8.02 EPS for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.5%. Target’s dividend payout ratio (DPR) is presently 56.09%.

Analyst Ratings Changes

TGT has been the topic of a number of recent analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Target in a research report on Wednesday, March 4th. BMO Capital Markets increased their price objective on Target from $105.00 to $130.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 4th. Barclays increased their price objective on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 4th. Piper Sandler increased their price objective on Target from $102.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Finally, Morgan Stanley increased their price objective on Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $117.39.

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.