Fisher Asset Management LLC Sells 15,293 Shares of Target Corporation $TGT

Key Points

• Fisher Asset Management cut its Target stake by 79.6%, selling 15,293 shares and leaving 3,930 shares valued at about $353,000 at the end of the quarter, per its SEC filing.
• Target beat quarterly EPS ($2.44 vs. $2.16) while revenue was down 1.5% year-over-year, and the company set FY2026 EPS guidance of 7.50–8.50 (analysts on average forecast ~8.69).
• Target pays a quarterly dividend of $1.14 (a $4.56 annualized payout and a 3.8% yield) and carries a MarketBeat consensus rating of Hold with a $115.76 target price.

Fisher Asset Management LLC lessened its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 79.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,930 shares of the retailer's stock after selling 15,293 shares during the quarter. Fisher Asset Management LLC's holdings in Target were worth $353,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. WFA of San Diego LLC acquired a new position in Target during the 2nd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC bought a new position in Target in the third quarter worth approximately $27,000. Tripletail Wealth Management LLC acquired a new stake in Target in the third quarter valued at approximately $31,000. Key Financial Inc grew its stake in Target by 77.4% in the third quarter. Key Financial Inc now owns 346 shares of the retailer's stock valued at $31,000 after acquiring an additional 151 shares during the period. Finally, VSM Wealth Advisory LLC increased its holdings in shares of Target by 1,113.8% during the second quarter. VSM Wealth Advisory LLC now owns 352 shares of the retailer's stock valued at $35,000 after acquiring an additional 323 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Target Stock Up 0.2%

Shares of NYSE:TGT opened at $120.56 on Monday. The business's 50 day moving average is $110.01 and its 200 day moving average is $98.27. Target Corporation has a 12-month low of $83.44 and a 12-month high of $126.00. The stock has a market cap of $54.59 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 5.23 and a beta of 1.12. The company has a quick ratio of 0.36, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target's quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.41 EPS. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, sell-side analysts forecast that Target Corporation will post 8.69 earnings per share for the current fiscal year.

Target Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Wednesday, February 11th were issued a dividend of $1.14 per share. The ex-dividend date was Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 3.8%. Target's payout ratio is 56.09%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TGT shares. BNP Paribas Exane upped their target price on Target from $63.00 to $88.00 and gave the stock an "underperform" rating in a research report on Wednesday, March 4th. Wells Fargo & Company lifted their price target on shares of Target from $115.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 27th. Barclays boosted their price target on shares of Target from $91.00 to $108.00 and gave the company an "underweight" rating in a research note on Wednesday, March 4th. BMO Capital Markets upped their price objective on shares of Target from $105.00 to $130.00 and gave the stock a "market perform" rating in a report on Wednesday, March 4th. Finally, Truist Financial lifted their price objective on shares of Target from $90.00 to $121.00 and gave the company a "hold" rating in a report on Tuesday, March 3rd. Eleven equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Target currently has a consensus rating of "Hold" and a consensus target price of $115.76.

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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