EP Wealth Advisors LLC Has $2.79 Million Holdings in Target Corporation $TGT

EP Wealth Advisors LLC lifted its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 68.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,357 shares of the retailer's stock after acquiring an additional 8,671 shares during the quarter. EP Wealth Advisors LLC's holdings in Target were worth $2,789,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Winning Points Advisors LLC acquired a new stake in shares of Target in the fourth quarter valued at about $611,000. Franklin Resources Inc. lifted its position in shares of Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer's stock worth $605,507,000 after purchasing an additional 142,937 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of Target by 41.8% during the 1st quarter. Bogart Wealth LLC now owns 111,001 shares of the retailer's stock worth $13,453,000 after purchasing an additional 32,746 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Target during the 1st quarter worth about $6,686,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Target during the 4th quarter valued at approximately $27,470,000. Institutional investors and hedge funds own 79.73% of the company's stock.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the firm's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the transaction, the insider directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

TGT has been the topic of several recent analyst reports. TD Cowen lifted their price target on Target from $155.00 to $160.00 and gave the stock a "hold" rating in a research report on Thursday. KeyCorp reiterated a "sector weight" rating on shares of Target in a report on Thursday. Mizuho set a $150.00 price objective on Target in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Target from $129.00 to $157.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Target from $166.00 to $178.00 and gave the stock an "outperform" rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $159.52.

Target Stock Up 4.5%

TGT stock opened at $165.35 on Friday. Target Corporation has a twelve month low of $83.44 and a twelve month high of $165.48. The company has a market cap of $75.10 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 2.43 and a beta of 0.97. The business's 50-day simple moving average is $140.82 and its 200 day simple moving average is $128.01. The company has a quick ratio of 0.30, a current ratio of 0.99 and a debt-to-equity ratio of 0.80.

Target (NYSE:TGT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating the consensus estimate of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion during the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, research analysts anticipate that Target Corporation will post 8.84 earnings per share for the current 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 $1.16 dividend. 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 dividend payout ratio is currently 48.18%.

More 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source