DDD Partners LLC Takes Position in Target Corporation $TGT

Key Points

• DDD Partners LLC acquired a new stake in Target during Q4 of 24,011 shares, valued at about $2.347 million.
• Target reported Q4 EPS of $2.44 (beat the $2.16 consensus) with revenue of $30.45B slightly below estimates, and provided FY2026 guidance of $7.50–$8.50 EPS versus a sell-side consensus of ~8.69.
• Target declared a quarterly dividend of $1.14 (annualized $4.56), implying a 3.7% yield; the ex-dividend date is May 13 and the payment date is June 1.

DDD Partners LLC bought a new stake in Target Corporation (NYSE:TGT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,011 shares of the retailer's stock, valued at approximately $2,347,000.

Several other hedge funds have also bought and sold shares of the company. First Trust Advisors LP lifted its holdings in Target by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 1,267,577 shares of the retailer's stock valued at $113,702,000 after purchasing an additional 124,371 shares during the last quarter. CWM LLC lifted its holdings in Target by 41.5% during the 3rd quarter. CWM LLC now owns 38,819 shares of the retailer's stock valued at $3,482,000 after purchasing an additional 11,378 shares during the last quarter. Twelve Points Wealth Management LLC acquired a new stake in Target during the 3rd quarter valued at $1,236,000. LJI Wealth Management LLC lifted its holdings in Target by 446.4% during the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer's stock valued at $2,138,000 after purchasing an additional 19,474 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY lifted its holdings in Target by 12.3% during the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 177,721 shares of the retailer's stock valued at $15,942,000 after purchasing an additional 19,492 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Matthew A. Liegel sold 2,053 shares of the business's stock in a transaction that occurred on 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 directly owned 12,143 shares in the company, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company's stock.

Target Trading Up 0.7%

Shares of Target stock opened at $124.00 on Friday. The firm has a 50-day moving average of $116.58 and a 200-day moving average of $102.43. The stock has a market cap of $56.15 billion, a PE ratio of 15.25, a PEG ratio of 5.12 and a beta of 1.03. Target Corporation has a 52-week low of $83.44 and a 52-week high of $126.00. 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 (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.28. The company had revenue of $30.45 billion during 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%. Target's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous 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. As a group, sell-side analysts forecast that Target Corporation will post 8.69 EPS for the current year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, May 13th. Target's payout ratio is 56.09%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TGT. Citigroup raised their price target on Target from $110.00 to $117.00 and gave the company a "neutral" rating in a report on Wednesday, March 4th. Wells Fargo & Company raised their price objective on shares of Target from $115.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. Sanford C. Bernstein upgraded shares of Target from an "underperform" rating to a "market perform" rating and raised their price objective for the stock from $91.00 to $116.00 in a research report on Wednesday, March 4th. Bank of America began coverage on Target in a research report on Friday, February 27th. They issued an "underperform" rating and a $103.00 target price on the stock. Finally, Telsey Advisory Group upgraded Target from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $110.00 to $145.00 in a research note on Wednesday, March 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $116.32.

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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