Pallas Capital Advisors LLC Acquires 9,376 Shares of Target Corporation $TGT

Pallas Capital Advisors LLC raised its holdings in Target Corporation (NYSE:TGT) by 80.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,068 shares of the retailer’s stock after purchasing an additional 9,376 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Target were worth $2,059,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Hourglass Capital LLC acquired a new stake in shares of Target in the fourth quarter valued at $244,000. Dakota Wealth Management lifted its position in Target by 82.2% during the 4th quarter. Dakota Wealth Management now owns 4,084 shares of the retailer’s stock worth $399,000 after buying an additional 1,843 shares in the last quarter. Trust Point Inc. grew its holdings in Target by 1.0% during the 4th quarter. Trust Point Inc. now owns 17,611 shares of the retailer’s stock worth $1,721,000 after acquiring an additional 180 shares during the last quarter. Global X Japan Co. Ltd. increased its position in Target by 5.9% in the 4th quarter. Global X Japan Co. Ltd. now owns 6,141 shares of the retailer’s stock valued at $600,000 after acquiring an additional 343 shares in the last quarter. Finally, Mather Group LLC. lifted its position in shares of Target by 7.5% during the fourth quarter. Mather Group LLC. now owns 155,222 shares of the retailer’s stock worth $15,173,000 after purchasing an additional 10,839 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TGT shares. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price target on shares of Target in a research note on Thursday, December 18th. Mizuho set a $120.00 price objective on Target in a report on Thursday, March 5th. Evercore set a $105.00 price objective on Target in a research report on Tuesday, February 17th. BNP Paribas Exane lifted their target price on Target from $63.00 to $88.00 and gave the company an “underperform” rating in a research note on Wednesday, March 4th. Finally, Oppenheimer boosted their target price on Target from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $116.32.

Insider Activity at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the company’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 completion of the sale, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

Target Trading Up 2.4%

TGT opened at $119.76 on Friday. The firm has a 50 day simple moving average of $113.86 and a 200 day simple moving average of $100.54. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $126.00. The company has a market cap of $54.24 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 4.99 and a beta of 1.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36.

Target (NYSE:TGT) last announced its quarterly earnings data 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. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm had revenue of $30.45 billion for the quarter, compared to analysts’ expectations of $30.52 billion. During the same period last year, the firm earned $2.41 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts anticipate that Target Corporation will post 8.69 earnings per share for the current year.

Target Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, May 13th. Target’s dividend payout ratio (DPR) is currently 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.