Thompson Siegel & Walmsley LLC Has $11.63 Million Position in Target Corporation $TGT

Thompson Siegel & Walmsley LLC boosted its position in shares of Target Corporation (NYSE:TGT) by 140.0% in the fourth quarter, Holdings Channel reports. The firm owned 118,963 shares of the retailer’s stock after purchasing an additional 69,405 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Target were worth $11,629,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TGT. Vanguard Group Inc. lifted its stake in Target by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after buying an additional 286,499 shares in the last quarter. State Street Corp lifted its stake in Target by 2.5% in the third 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. Norges Bank bought a new position in Target in the fourth quarter valued at approximately $587,903,000. Dimensional Fund Advisors LP lifted its stake in Target by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer’s stock valued at $453,050,000 after buying an additional 122,300 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Target by 10.2% in the third quarter. Invesco Ltd. now owns 3,910,163 shares of the retailer’s stock valued at $350,742,000 after buying an additional 360,781 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Insider Activity

In other news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction dated 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 in the company, valued at $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TGT has been the topic of a number of research reports. Royal Bank Of Canada lifted their price target on shares of Target from $132.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a research note on Monday, May 4th. Oppenheimer boosted their price target on shares of Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Bank of America assumed coverage on shares of Target in a research report on Friday, February 27th. They set an “underperform” rating and a $103.00 price target on the stock. Finally, BNP Paribas Exane boosted their price target on shares of Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $125.93.

Target Price Performance

Shares of TGT opened at $123.83 on Tuesday. The firm has a market capitalization of $56.24 billion, a PE ratio of 16.36, a PEG ratio of 2.48 and a beta of 1.00. The company’s 50-day moving average is $123.74 and its 200-day moving average is $111.24. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $133.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30.

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

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th were given a $1.14 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. Target’s dividend payout ratio is presently 60.24%.

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.