Jefferies Financial Group Inc. Has $4.33 Million Stake in Target Corporation $TGT

Key Points

• Jefferies Financial Group increased its stake in Target by 249.6% in Q3, holding 48,232 shares (an additional 34,434 shares) valued at about $4.33 million.
• Analysts are mixed: the consensus rating is a "Hold" with a consensus target price of $116.45 (11 Buy, 20 Hold, 3 Sell), and individual targets range from underperform to buy.
• Target reported $2.44 EPS for the quarter, beating estimates by $0.28 while revenue fell 1.5% year-over-year, and it pays a quarterly dividend of $1.14 (≈3.8% yield).

Jefferies Financial Group Inc. grew its position in Target Corporation (NYSE:TGT - Free Report) by 249.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,232 shares of the retailer's stock after purchasing an additional 34,434 shares during the period. Jefferies Financial Group Inc.'s holdings in Target were worth $4,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TGT. Vanguard Group Inc. grew its holdings in shares of Target by 14.7% during the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer's stock worth $5,074,984,000 after buying an additional 6,607,982 shares in the last quarter. Norges Bank bought a new stake in Target in the 2nd quarter valued at approximately $578,009,000. State Street Corp lifted its stake in Target by 4.3% in the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer's stock valued at $3,624,016,000 after acquiring an additional 1,529,026 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Target by 133.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,223,776 shares of the retailer's stock worth $219,376,000 after acquiring an additional 1,273,129 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Target by 96.1% during the 2nd quarter. California Public Employees Retirement System now owns 2,165,396 shares of the retailer's stock worth $213,616,000 after acquiring an additional 1,060,885 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TGT. Bank of America initiated coverage on shares of Target in a report on Friday, February 27th. They issued an "underperform" rating and a $103.00 price objective on the stock. BNP Paribas Exane increased their target price on shares of Target from $63.00 to $88.00 and gave the stock an "underperform" rating in a report on Wednesday, March 4th. Robert W. Baird decreased their target price on shares of Target from $100.00 to $92.00 and set a "neutral" rating for the company in a research report on Thursday, November 20th. UBS Group lifted their price target on shares of Target from $130.00 to $144.00 and gave the company a "buy" rating in a research note on Wednesday, March 4th. Finally, Mizuho set a $120.00 price target on shares of Target in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $116.45.

Target Trading Down 0.7%

NYSE TGT opened at $119.98 on Tuesday. The company has a market cap of $54.33 billion, a PE ratio of 14.76, a PEG ratio of 5.23 and a beta of 1.12. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. Target Corporation has a 12 month low of $83.44 and a 12 month high of $126.00. The stock has a 50 day moving average of $110.45 and a 200-day moving average of $98.43.

Target (NYSE:TGT - Get Free Report) last issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the previous year, the company earned $2.41 earnings per share. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. 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 8.69 EPS for the current fiscal year.

Target Dividend Announcement

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

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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