Proficio Capital Partners LLC Takes Position in Target Corporation $TGT

Key Points

• Proficio Capital Partners initiated a Target position by purchasing 8,383 shares worth approximately $1.1 million. Other institutional investors also increased their holdings, with institutions collectively owning 79.73% of Target stock.
• Target’s latest quarterly results exceeded expectations: EPS came in at $4.11 versus the $2.35 consensus, while revenue rose 5.3% year over year to $26.54 billion. The company issued fiscal 2026 EPS guidance of $9.90–$10.90.
• Target raised its quarterly dividend to $1.16 per share, equivalent to a 2.8% yield. Analysts remain mixed, with a consensus “Hold” rating and an average price target of $159.52, below the reported share price of $163.85.

Proficio Capital Partners LLC bought a new stake in shares of Target Corporation (NYSE:TGT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,383 shares of the retailer's stock, valued at approximately $1,095,000.

Several other large investors have also added to or reduced their stakes in TGT. Brighton Jones LLC boosted its stake in Target by 101.3% during the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer's stock worth $822,000 after acquiring an additional 3,059 shares in the last quarter. Woodline Partners LP increased its stake in Target by 39.9% in the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer's stock valued at $4,040,000 after purchasing an additional 11,047 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer's stock valued at $6,872,000 after purchasing an additional 12,948 shares during the period. Sei Investments Co. raised its holdings in shares of Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer's stock valued at $18,832,000 after purchasing an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in shares of Target by 11.0% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 79.73% of the company's stock.

Target Stock Up 0.2%

TGT opened at $163.85 on Thursday. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.36. The company's 50-day moving average is $142.87 and its 200 day moving average is $129.27. The firm has a market capitalization of $74.42 billion, a P/E ratio of 17.01, a PEG ratio of 3.03 and a beta of 0.97.

Target (NYSE:TGT - Get Free Report) last posted its earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion for the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter last year, the firm earned $2.05 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts expect that Target Corporation will post 8.88 earnings per share for the current fiscal year.

Target Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a $1.16 dividend. This is an increase from Target's previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, August 12th. Target's payout ratio is presently 48.18%.

Insider Buying and Selling at Target

In related news, CAO Matthew A. Liegel sold 926 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the transaction, the chief accounting officer directly owned 12,266 shares of the company's stock, valued at approximately $2,005,613.66. The trade was a 7.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares of the company's stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,426 shares of company stock worth $4,044,690 in the last quarter. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TGT has been the subject of several research reports. The Goldman Sachs Group raised their target price on Target from $127.00 to $161.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. Robert W. Baird set a $170.00 price objective on Target in a report on Thursday, August 20th. Piper Sandler increased their target price on Target from $146.00 to $153.00 and gave the stock a "neutral" rating in a report on Thursday, August 20th. Wall Street Zen raised shares of Target from a "hold" rating to a "buy" rating in a research report on Saturday, June 6th. Finally, Wells Fargo & Company boosted their price target on shares of Target from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Target has a consensus rating of "Hold" and an average price target of $159.52.

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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