Meyer Handelman Co. Lowers Stock Position in Target Corporation $TGT

Meyer Handelman Co. cut its stake in shares of Target Corporation (NYSE:TGT) by 25.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,659 shares of the retailer’s stock after selling 8,846 shares during the quarter. Meyer Handelman Co.’s holdings in Target were worth $2,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TGT. WFA of San Diego LLC bought a new stake in Target during the 2nd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC bought a new position in shares of Target in the third quarter worth approximately $27,000. Global Wealth Strategies & Associates increased its stake in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Target in the third quarter worth $31,000. Finally, Key Financial Inc raised its position in shares of Target by 77.4% during the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after purchasing an additional 151 shares during the period. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TGT has been the topic of a number of analyst reports. Piper Sandler lifted their target price on shares of Target from $102.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. DA Davidson increased their price target on Target from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. JPMorgan Chase & Co. boosted their price objective on Target from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Sanford C. Bernstein raised Target from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $91.00 to $116.00 in a research note on Wednesday, March 4th. Finally, Evercore set a $105.00 target price on Target in a research report on Tuesday, February 17th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $116.32.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Target Price Performance

Shares of NYSE:TGT opened at $120.98 on Wednesday. The firm has a market cap of $54.79 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 4.94 and a beta of 1.12. The firm has a fifty day moving average price of $114.24 and a 200 day moving average price of $101.02. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $126.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94.

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

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 13th. Target’s payout ratio is 56.09%.

Target 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.