Connor Clark & Lunn Investment Management Ltd. Sells 193,175 Shares of Target Corporation $TGT

Connor Clark & Lunn Investment Management Ltd. lowered its position in Target Corporation (NYSE:TGT) by 32.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 396,201 shares of the retailer’s stock after selling 193,175 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Target worth $35,539,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Target by 14.7% during the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after buying an additional 6,607,982 shares during the last quarter. Norges Bank acquired a new position in Target in the second quarter valued at $578,009,000. State Street Corp boosted its position in Target by 4.3% during the second quarter. State Street Corp now owns 36,736,101 shares of the retailer’s stock valued at $3,624,016,000 after acquiring an additional 1,529,026 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Target by 133.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer’s stock worth $219,376,000 after acquiring an additional 1,273,129 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Target by 96.1% during the 2nd quarter. California Public Employees Retirement System now owns 2,165,396 shares of the retailer’s stock worth $213,616,000 after acquiring an additional 1,060,885 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TGT shares. Evercore set a $105.00 price objective on Target in a research note on Tuesday, February 17th. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $91.00 to $116.00 in a report on Wednesday, March 4th. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Truist Financial increased their price target on Target from $90.00 to $121.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company raised their price objective on shares of 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, twenty have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Target currently has a consensus rating of “Hold” and a consensus target price of $116.45.

Target Stock Performance

Shares of Target stock opened at $115.62 on Friday. The business has a 50-day simple moving average of $111.69 and a 200 day simple moving average of $98.84. Target Corporation has a one year low of $83.44 and a one year high of $126.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The firm has a market capitalization of $52.35 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 5.08 and a beta of 1.12.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts anticipate that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, May 13th. Target’s payout ratio is 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.