BML Capital Management LLC Raises Stake in Target Corporation $TGT

BML Capital Management LLC lifted its holdings in Target Corporation (NYSE:TGT - Free Report) by 275.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,500 shares of the retailer's stock after purchasing an additional 27,500 shares during the period. Target comprises approximately 3.2% of BML Capital Management LLC's holdings, making the stock its 8th biggest position. BML Capital Management LLC's holdings in Target were worth $3,666,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TGT. First Trust Advisors LP raised its stake in Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer's stock worth $113,702,000 after acquiring an additional 124,371 shares during the period. Twelve Points Wealth Management LLC bought a new stake in Target during the 3rd quarter worth approximately $1,236,000. LJI Wealth Management LLC raised its stake in Target by 446.4% during 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 period. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Target by 15.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 342,487 shares of the retailer's stock worth $30,721,000 after acquiring an additional 45,803 shares during the period. Finally, Retirement Systems of Alabama bought a new stake in Target during the 3rd quarter worth approximately $8,694,000. Institutional investors own 79.73% of the company's stock.

Insider Buying and Selling at Target

In related news, CAO Matthew A. Liegel sold 2,053 shares of the firm's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, the chief accounting officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

Target Trading Up 0.8%

Target stock opened at $128.81 on Wednesday. The stock has a market cap of $58.50 billion, a P/E ratio of 15.84, a PEG ratio of 5.33 and a beta of 1.01. 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 Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The firm's 50 day moving average price is $120.80 and its 200-day moving average price is $106.94.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.28. The firm had revenue of $30.45 billion for the quarter, compared to analysts' expectations of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, equities analysts predict that Target Corporation will post 8.02 earnings per share for the current fiscal year.

Target Dividend Announcement

The firm 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 of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. Target's dividend payout ratio (DPR) is 56.09%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Guggenheim raised their target price on shares of Target from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. BNP Paribas Exane raised their target price on shares of Target from $63.00 to $88.00 and gave the stock an "underperform" rating in a research note on Wednesday, March 4th. Morgan Stanley raised their target price on shares of Target from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 4th. Sanford C. Bernstein upgraded shares of Target from an "underperform" rating to a "market perform" rating and raised their target price for the stock from $91.00 to $116.00 in a research note on Wednesday, March 4th. Finally, Oppenheimer lifted their price objective on shares of Target from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $117.39.

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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