Cerity Partners LLC Purchases 86,961 Shares of Target Corporation $TGT

Cerity Partners LLC increased its position in shares of Target Corporation (NYSE:TGT) by 40.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 300,587 shares of the retailer’s stock after acquiring an additional 86,961 shares during the period. Cerity Partners LLC’s holdings in Target were worth $29,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Target by 12.6% during 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 in the last quarter. Norges Bank purchased a new stake in shares of Target during the 4th quarter valued at $587,903,000. State Street Corp raised its position in shares of Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock valued at $3,377,031,000 after buying an additional 911,964 shares in the last quarter. Amundi raised its position in shares of Target by 38.6% during the 3rd quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after buying an additional 533,416 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Target by 17.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock valued at $311,911,000 after buying an additional 461,495 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of Target from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, March 4th. Robert W. Baird raised their price objective on shares of Target from $125.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. KeyCorp restated a “sector weight” rating on shares of Target in a research report on Thursday, May 21st. Telsey Advisory Group raised their price objective on shares of Target from $148.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, Barclays restated an “underweight” rating on shares of Target in a research report on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $125.93.

Target Price Performance

TGT stock opened at $127.89 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a 52 week low of $83.44 and a 52 week high of $133.10. The firm’s fifty day moving average is $124.89 and its 200 day moving average is $113.02. The firm has a market cap of $58.09 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.47 and a beta of 1.00.

Target (NYSE:TGT) last released its earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $25.44 billion for the quarter, compared to analyst estimates of $24.66 billion. During the same quarter last year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts predict that Target Corporation will post 8.35 earnings per share for the current year.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by company insiders.

About Target

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.