Mather Group LLC. Acquires 10,839 Shares of Target Corporation $TGT

Key Points

• Mather Group LLC increased its stake in Target by 7.5%, buying an additional 10,839 shares to hold 155,222 shares worth approximately $15.17 million at quarter-end.
• Several analysts have raised price targets (Morgan Stanley to $145, UBS to $144, Guggenheim to $130), but the consensus remains a "Hold" with an average price target of $116.32.
• Target announced a quarterly dividend of $1.14 per share (annualized $4.56) with an ex-dividend date of May 13 and a dividend yield of about 3.9%, payable June 1.

Mather Group LLC. increased its holdings in shares of Target Corporation (NYSE:TGT - Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,222 shares of the retailer's stock after purchasing an additional 10,839 shares during the period. Mather Group LLC.'s holdings in Target were worth $15,173,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TGT. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Target by 1.5% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 334,649 shares of the retailer's stock worth $32,712,000 after buying an additional 5,062 shares in the last quarter. Well Done LLC acquired a new stake in shares of Target during the 4th quarter worth approximately $200,000. Argentarii LLC bought a new stake in shares of Target in the 4th quarter valued at $279,000. Signal Advisors Wealth LLC acquired a new position in shares of Target during the 4th quarter valued at $288,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in shares of Target during the 4th quarter valued at $283,000. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the sale, the chief accounting officer owned 12,143 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TGT shares. Evercore set a $105.00 price target on shares of Target in a report on Tuesday, February 17th. Wolfe Research upgraded shares of Target from an "underperform" rating to a "peer perform" rating in a report on Tuesday, January 27th. Guggenheim increased their price objective on shares of Target from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, March 4th. UBS Group raised their target price on Target from $130.00 to $144.00 and gave the company a "buy" rating in a research note on Wednesday, March 4th. Finally, Morgan Stanley boosted their target price on Target from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $116.32.

Target Trading Up 0.5%

NYSE TGT opened at $116.94 on Friday. The business has a fifty day simple moving average of $113.69 and a 200 day simple moving average of $100.28. The firm has a market capitalization of $52.96 billion, a P/E ratio of 14.38, a PEG ratio of 4.84 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.

Target (NYSE:TGT - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating 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 company had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. During the same period last year, the firm earned $2.41 earnings per share. The firm's revenue 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, analysts predict that Target Corporation will post 8.69 EPS for the current fiscal 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. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, May 13th. Target's payout ratio is presently 56.09%.

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.

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