Comerica Bank Reduces Stock Position in Target Corporation $TGT

Key Points

• Comerica Bank trimmed its stake in Target by 5.8% in Q4, selling 14,159 shares and finishing the quarter with 230,152 shares worth about $22.5 million (roughly 0.05% of Target).
• Target declared a quarterly dividend of $1.14 per share (annualized $4.56, yield 3.5%), payable June 1 to shareholders of record on May 13 (ex-dividend date May 13).
• Target beat Q4 EPS estimates with $2.44 vs. $2.16 expected while revenue was $30.45B (slightly below estimates and down 1.5% y/y); the company set Q1 2026 guidance around 1.30 EPS and FY 2026 guidance of 7.50–8.50 EPS, versus analysts' average forecast of about 8.02 EPS.

Comerica Bank lessened its holdings in Target Corporation (NYSE:TGT - Free Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 230,152 shares of the retailer's stock after selling 14,159 shares during the quarter. Comerica Bank owned approximately 0.05% of Target worth $22,497,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TGT. WFA of San Diego LLC acquired a new position in Target in the second quarter valued at $25,000. Global Wealth Strategies & Associates boosted its position in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer's stock valued at $29,000 after purchasing an additional 192 shares during the period. Eagle Bay Advisors LLC purchased a new position in Target during the 4th quarter worth approximately $30,000. Tripletail Wealth Management LLC purchased a new position in Target during the 3rd quarter worth approximately $31,000. Finally, Key Financial Inc increased its position in Target by 77.4% during the third quarter. Key Financial Inc now owns 346 shares of the retailer's stock worth $31,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 79.73% of the company's stock.

Target Price Performance

Shares of TGT opened at $129.66 on Tuesday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $133.10. The company has a market capitalization of $58.72 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 5.39 and a beta of 1.03. The firm has a 50-day simple moving average of $119.81 and a 200-day simple moving average of $105.81. 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 - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.28. Target had a net margin of 3.54% and a return on equity of 22.25%. The business had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. The business's quarterly revenue was down 1.5% compared to the same quarter last year. 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 research analysts anticipate that Target Corporation will post 8.02 earnings per share for the current year.

Target Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. Target's dividend payout ratio is 56.09%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TGT shares. KeyCorp reiterated a "sector weight" rating on shares of Target in a research note on Wednesday, March 4th. Bank of America started coverage on Target in a research note on Friday, February 27th. They issued an "underperform" rating and a $103.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Target from $115.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, March 5th. Telsey Advisory Group upgraded Target from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $110.00 to $145.00 in a research note on Wednesday, March 4th. Finally, Evercore set a $125.00 price objective on Target in a research note on Tuesday, April 21st. Eleven analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $117.39.

Insider Buying and Selling at Target

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company's stock.

About Target

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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