Allworth Financial LP Acquires Shares of 25,493 Target Corporation $TGT

Allworth Financial LP bought a new position in shares of Target Corporation (NYSE:TGT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,493 shares of the retailer's stock, valued at approximately $3,330,000.

A number of other large investors have also modified their holdings of TGT. Brighton Jones LLC grew its holdings in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock valued at $822,000 after buying an additional 3,059 shares in the last quarter. Woodline Partners LP increased its stake in shares of Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer's stock worth $4,040,000 after acquiring an additional 11,047 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Target by 22.8% during the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer's stock worth $6,872,000 after acquiring an additional 12,948 shares during the period. Sei Investments Co. raised its holdings in shares of Target by 8.0% during the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer's stock worth $18,832,000 after acquiring an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in shares of Target by 11.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer's stock valued at $26,910,000 after acquiring an additional 27,063 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company's stock.

Insider Buying and Selling at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the sale, the insider owned 45,930 shares of the company's stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

Key Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds
• Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic
• Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets
• Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook.
• Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability
• Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism.

Wall Street Analyst Weigh In

TGT has been the subject of a number of analyst reports. Wolfe Research set a $169.00 price objective on shares of Target in a report on Monday, August 3rd. Robert W. Baird set a $170.00 target price on shares of Target in a report on Thursday. Citigroup increased their price target on shares of Target from $148.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday. Piper Sandler raised their price target on shares of Target from $146.00 to $153.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Bank of America reaffirmed an "underperform" rating and set a $124.00 price target (up from $110.00) on shares of Target in a research report on Wednesday, August 12th. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $159.52.

Target Stock Up 4.5%

Target stock opened at $165.35 on Friday. The firm has a market capitalization of $75.10 billion, a P/E ratio of 17.17, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a current ratio of 0.99, a quick ratio of 0.30 and a debt-to-equity ratio of 0.80. Target Corporation has a twelve month low of $83.44 and a twelve month high of $165.48. The stock's fifty day simple moving average is $140.82 and its 200-day simple moving average is $128.01.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion during the quarter, compared to analyst estimates of $26.13 billion. Target had a return on equity of 23.23% and a net margin of 4.08%.Target's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $2.05 earnings per share. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts expect that Target Corporation will post 9.27 earnings per share for the current fiscal year.

Target Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This is a positive change from Target's previous quarterly dividend of $1.14. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.8%. Target's payout ratio is currently 48.18%.

Target Company 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.

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