Mairs & Power Inc. Trims Stock Position in Target Corporation $TGT

Mairs & Power Inc. cut its holdings in Target Corporation (NYSE:TGT) by 22.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 232,735 shares of the retailer’s stock after selling 68,964 shares during the period. Mairs & Power Inc.’s holdings in Target were worth $20,876,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TGT. First Trust Advisors LP raised its holdings in Target by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer’s stock valued at $113,702,000 after buying an additional 124,371 shares during the period. CWM LLC increased its position in shares of Target by 41.5% during the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after acquiring an additional 11,378 shares during the last quarter. Twelve Points Wealth Management LLC purchased a new stake in shares of Target in the 3rd quarter valued at approximately $1,236,000. QVR LLC purchased a new stake in shares of Target in the 2nd quarter valued at approximately $11,014,000. Finally, LJI Wealth Management LLC lifted its holdings in shares of Target by 446.4% in the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after acquiring an additional 19,474 shares during the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Trading Down 0.2%

Shares of TGT stock opened at $117.11 on Tuesday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $126.00. The company has a 50 day moving average price of $112.33 and a 200 day moving average price of $99.15. The stock has a market capitalization of $53.03 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 5.02 and a beta of 1.12. 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 released its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The company had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $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. Equities research analysts predict that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be issued a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a yield of 3.9%. Target’s dividend payout ratio (DPR) is 56.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane increased their price objective 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. BMO Capital Markets boosted their target price on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a research report on Wednesday, March 4th. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $91.00 to $116.00 in a research note on Wednesday, March 4th. Jefferies Financial Group restated a “buy” rating and set a $115.00 price target on shares of Target in a research report on Thursday, December 18th. Finally, Argus dropped their price objective on Target from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Eleven investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Target presently has a consensus rating of “Hold” and an average price target of $116.45.

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.