Frank Rimerman Advisors LLC Has $576,000 Stake in Target Corporation $TGT

Frank Rimerman Advisors LLC trimmed its stake in Target Corporation (NYSE:TGT) by 43.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,894 shares of the retailer’s stock after selling 4,502 shares during the period. Frank Rimerman Advisors LLC’s holdings in Target were worth $576,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WFA of San Diego LLC acquired a new position in Target during the second quarter valued at approximately $25,000. Global Wealth Strategies & Associates lifted 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 buying an additional 192 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new stake in shares of Target during the 3rd quarter worth $27,000. Tripletail Wealth Management LLC bought a new stake in shares of Target during the 3rd quarter worth $31,000. Finally, Key Financial Inc grew its stake in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock valued at $31,000 after buying an additional 151 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Insider Activity at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Target Price Performance

Shares of Target stock opened at $120.56 on Friday. 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 company has a market cap of $54.60 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 5.01 and a beta of 1.03. The firm has a fifty day moving average price of $114.81 and a two-hundred day moving average price of $101.29. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $126.00.

Target (NYSE:TGT) last posted 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. 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%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter 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. Analysts expect that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on TGT. Weiss Ratings reiterated a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. Morgan Stanley raised their price target on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. UBS Group lifted their price objective on Target from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Citigroup boosted their price objective on Target from $110.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company increased their target price on Target from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Eleven equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $116.32.

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.