Modera Wealth Management LLC Has $11.49 Million Holdings in Target Corporation $TGT

Modera Wealth Management LLC lessened its holdings in Target Corporation (NYSE:TGT) by 5.3% during the fourth quarter, HoldingsChannel reports. The fund owned 117,551 shares of the retailer’s stock after selling 6,554 shares during the quarter. Modera Wealth Management LLC’s holdings in Target were worth $11,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Daytona Street Capital LLC acquired a new stake in shares of Target in the 4th quarter worth about $48,000. New Wave Wealth Advisors LLC raised its holdings in shares of Target by 8.8% in the 4th quarter. New Wave Wealth Advisors LLC now owns 2,916 shares of the retailer’s stock worth $285,000 after acquiring an additional 235 shares during the last quarter. Stock Yards Bank & Trust Co. raised its holdings in shares of Target by 5.7% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 16,788 shares of the retailer’s stock worth $1,641,000 after acquiring an additional 900 shares during the last quarter. Edmp Inc. raised its holdings in shares of Target by 108.8% in the 4th quarter. Edmp Inc. now owns 5,313 shares of the retailer’s stock worth $519,000 after acquiring an additional 2,768 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Target by 116.8% in the 4th quarter. Aaron Wealth Advisors LLC now owns 15,180 shares of the retailer’s stock worth $1,484,000 after acquiring an additional 8,178 shares during the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at $1,423,038.17. This represents a 14.46% decrease in their position. The transaction 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TGT shares. Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $110.00 to $145.00 in a report on Wednesday, March 4th. Morgan Stanley upped their target price on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $91.00 to $116.00 in a report on Wednesday, March 4th. Bank of America initiated coverage on shares of Target in a research note on Friday, February 27th. They issued an “underperform” rating and a $103.00 price objective for the company. Finally, Citigroup increased their price objective on shares of Target from $110.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $116.32.

Target Trading Down 2.3%

NYSE:TGT opened at $119.46 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The firm has a market cap of $54.10 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. Target Corporation has a 52 week low of $83.44 and a 52 week high of $126.00. The firm has a 50-day moving average price of $115.73 and a two-hundred day moving average price of $102.14.

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. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. During the same quarter last year, the business posted $2.41 EPS. 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. On average, equities analysts expect that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given 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 currently 56.09%.

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.