Nicholas Hoffman & Company LLC. Lowers Stock Position in Target Corporation $TGT

Nicholas Hoffman & Company LLC. lessened its holdings in Target Corporation (NYSE:TGT) by 29.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,156 shares of the retailer’s stock after selling 4,610 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Target were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of TGT. Vanguard Group Inc. lifted 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 acquiring an additional 6,481,560 shares during the period. State Street Corp lifted 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 acquiring an additional 911,964 shares during the period. Amundi lifted 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 acquiring an additional 533,416 shares during the period. Ameriprise Financial Inc. lifted 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 acquiring an additional 461,495 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Target by 21.4% during the 3rd quarter. Nordea Investment Management AB now owns 2,408,505 shares of the retailer’s stock valued at $210,865,000 after acquiring an additional 425,081 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their price objective on Target from $115.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. BMO Capital Markets lifted 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. Bank of America began coverage on Target in a research report on Friday, February 27th. They set an “underperform” rating and a $103.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on Target from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Target has a consensus rating of “Hold” and a consensus price target of $117.39.

Target Trading Down 0.8%

Shares of Target stock opened at $127.83 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The company has a market capitalization of $58.06 billion, a P/E ratio of 15.72, a P/E/G ratio of 5.37 and a beta of 1.01. The business has a 50 day moving average price of $120.55 and a 200 day moving average price of $106.67.

Target (NYSE:TGT) last issued its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the previous year, the firm posted $2.41 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts anticipate that Target Corporation will post 8.02 EPS for the current fiscal year.

Target Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is presently 56.09%.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target 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. The trade was a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

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.