SevenBridge Financial Group LLC Decreases Stock Holdings in Target Corporation $TGT

Key Points

• SevenBridge Financial Group LLC reduced its stake in Target by 51.0%, selling 9,131 shares and ending the quarter with 8,763 shares valued at about $911,000 per its SEC filing.
• Target beat Q4 EPS estimates with $2.44 per share while revenue declined 1.5% year-over-year; the company set Q1 2026 guidance at 1.300 EPS and FY 2026 at 7.500–8.500 EPS (analysts forecast ~8.02 EPS).
• Target announced a quarterly dividend of $1.14 per share (annualized $4.56), a ~3.5% yield, with an ex-dividend/record date of May 13 and payment on June 1.

SevenBridge Financial Group LLC lowered its stake in shares of Target Corporation (NYSE:TGT - Free Report) by 51.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,763 shares of the retailer's stock after selling 9,131 shares during the period. SevenBridge Financial Group LLC's holdings in Target were worth $911,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Neumann Capital Management LLC lifted its position in Target by 0.8% during the fourth quarter. Neumann Capital Management LLC now owns 13,280 shares of the retailer's stock valued at $1,298,000 after purchasing an additional 100 shares during the period. Binnacle Investments Inc grew its position in Target by 11.4% in the 2nd quarter. Binnacle Investments Inc now owns 1,013 shares of the retailer's stock worth $100,000 after purchasing an additional 104 shares during the period. Obermeyer Wealth Partners grew its position in Target by 4.0% in the 3rd quarter. Obermeyer Wealth Partners now owns 2,860 shares of the retailer's stock worth $257,000 after purchasing an additional 110 shares during the period. JNBA Financial Advisors raised its stake in Target by 3.4% during the 4th quarter. JNBA Financial Advisors now owns 3,361 shares of the retailer's stock valued at $329,000 after buying an additional 110 shares during the last quarter. Finally, AlTi Global Inc. raised its stake in Target by 3.5% during the 3rd quarter. AlTi Global Inc. now owns 3,608 shares of the retailer's stock valued at $323,000 after buying an additional 122 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Target Trading Down 0.5%

Shares of TGT stock opened at $129.06 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.36. The company has a market cap of $58.61 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 5.41 and a beta of 1.01. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The firm has a fifty day moving average price of $120.55 and a 200-day moving average price of $106.41.

Target (NYSE:TGT - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 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 for the quarter, compared to analysts' expectations of $30.52 billion. During the same period last year, the firm earned $2.41 EPS. Target's revenue for the quarter was down 1.5% compared to the same quarter last year. 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 analysts predict that Target Corporation will post 8.02 earnings per share for the current year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be paid a dividend of $1.14 per share. The ex-dividend date 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 56.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on TGT shares. Bank of America started coverage on Target in a research note on Friday, February 27th. They issued an "underperform" rating and a $103.00 price target on the stock. Barclays upped their price objective on Target from $91.00 to $108.00 and gave the company an "underweight" rating in a research report on Wednesday, March 4th. Mizuho set a $120.00 target price on Target in a report on Thursday, March 5th. JPMorgan Chase & Co. raised their target price on Target from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, March 5th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Target in a research note on Wednesday, January 21st. Eleven equities 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $117.39.

Insider Transactions at Target

In other Target news, CAO Matthew A. Liegel sold 2,053 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total transaction of $240,591.07. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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