M&T Bank Corp Sells 332,567 Shares of Target Corporation $TGT

Key Points

• M&T Bank Corp sold 332,567 shares, cutting its stake in Target by 64% to 187,375 shares worth $18.316 million per its latest 13F filing.
• Target reported quarterly EPS of $2.44, beating estimates by $0.28 while revenue was $30.45 billion (slightly below expectations), and set FY2026 guidance of $7.50–$8.50 EPS.
• Target announced a quarterly dividend of $1.14 ($4.56 annualized, 3.5% yield) with an ex-dividend/record date of May 13 and payment on June 1.

M&T Bank Corp cut its position in Target Corporation (NYSE:TGT - Free Report) by 64.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,375 shares of the retailer's stock after selling 332,567 shares during the quarter. M&T Bank Corp's holdings in Target were worth $18,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TGT. Brighton Jones LLC grew its stake in shares of Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock valued at $822,000 after buying an additional 3,059 shares in the last quarter. Woodline Partners LP grew its holdings in Target by 39.9% during the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer's stock worth $4,040,000 after purchasing an additional 11,047 shares during the period. NewEdge Advisors LLC grew its holdings in Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer's stock worth $6,872,000 after purchasing an additional 12,948 shares during the period. Sei Investments Co. grew its holdings in Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer's stock worth $18,832,000 after purchasing an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer's stock worth $26,910,000 after purchasing an additional 27,063 shares during the period. 79.73% of the stock is owned by institutional investors.

Target Trading Down 0.3%

Shares of NYSE:TGT opened at $130.20 on Friday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $133.10. The stock has a market cap of $58.96 billion, a PE ratio of 16.01, a P/E/G ratio of 5.43 and a beta of 1.03. The business has a 50 day moving average of $119.26 and a 200-day moving average of $105.03. 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 issued its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion during the quarter, compared to analysts' expectations of $30.52 billion. During the same quarter in the previous year, the company posted $2.41 earnings per share. The business'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. As a group, equities research analysts forecast that Target Corporation will post 8.04 earnings per share for the current 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 given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 13th. Target's payout ratio is presently 56.09%.

Analyst Upgrades and Downgrades

TGT has been the subject of a number of research analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Target in a report on Wednesday, March 4th. BNP Paribas Exane lifted their price target on Target from $63.00 to $88.00 and gave the stock an "underperform" rating in a report on Wednesday, March 4th. Wells Fargo & Company lifted their price target on Target from $115.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. UBS Group lifted their price objective on shares of Target from $130.00 to $144.00 and gave the stock a "buy" rating in a research report on Wednesday, March 4th. Finally, Guggenheim lifted their price objective on shares of Target from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Target currently has a consensus rating of "Hold" and a consensus target price of $117.39.

Insider Activity at Target

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

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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