Robertson Stephens Wealth Management LLC Buys 30,254 Shares of Target Corporation $TGT

Key Points

• Robertson Stephens Wealth Management LLC raised its stake in Target by 713%, buying 30,254 shares to own 34,497 shares valued at about $3.37 million at quarter-end.
• Target reported quarterly EPS of $2.44, beating estimates while revenue was roughly in line, and issued FY 2026 guidance of approximately $7.50–$8.50 per share.
• Target declared a quarterly dividend of $1.14 (annualized $4.56), payable June 1 with an ex-dividend date of May 13, implying a yield of about 3.5%.

Robertson Stephens Wealth Management LLC lifted its stake in Target Corporation (NYSE:TGT - Free Report) by 713.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,497 shares of the retailer's stock after purchasing an additional 30,254 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Target were worth $3,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Target by 12.6% during the third quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer's stock worth $5,195,953,000 after acquiring an additional 6,481,560 shares in the last quarter. State Street Corp lifted its holdings in Target by 2.5% during the third quarter. State Street Corp now owns 37,648,065 shares of the retailer's stock worth $3,377,031,000 after acquiring an additional 911,964 shares in the last quarter. Amundi lifted its holdings in Target by 38.6% during the third quarter. Amundi now owns 1,913,883 shares of the retailer's stock worth $170,278,000 after acquiring an additional 533,416 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Target by 17.1% during the second quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer's stock worth $311,911,000 after acquiring an additional 461,495 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Target by 21.4% during the third quarter. Nordea Investment Management AB now owns 2,408,505 shares of the retailer's stock worth $210,865,000 after acquiring an additional 425,081 shares in the last quarter. 79.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the completion of the transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company's stock.

Target Price Performance

NYSE:TGT opened at $129.06 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. The stock's 50-day simple moving average is $120.55 and its 200 day simple moving average is $106.55. The company has a market cap of $58.61 billion, a P/E ratio of 15.87, a P/E/G ratio of 5.37 and a beta of 1.01. Target Corporation has a 52-week low of $83.44 and a 52-week high of $133.10.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.16 by $0.28. The business had revenue of $30.45 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 earnings per share. 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, sell-side analysts forecast that Target Corporation will post 8.02 EPS for the current fiscal year.

Target Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. Target's payout ratio is currently 56.09%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TGT shares. UBS Group lifted their target price on Target from $130.00 to $144.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Mizuho set a $120.00 target price on Target in a report on Thursday, March 5th. Citigroup lifted their target price on Target from $110.00 to $117.00 and gave the stock a "neutral" rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. lifted their target price on Target from $115.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. Finally, Evercore set a $125.00 target price on Target in a report on Tuesday, April 21st. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $117.39.

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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