Target Corporation $TGT Shares Acquired by Mattern Capital Management LLC

Key Points

• Mattern Capital Management LLC raised its stake in Target by 10.7% in Q4, buying 8,553 shares to hold 88,426 shares valued at about $8.64 million.
• Chief Accounting Officer Matthew A. Liegel executed an insider sale of 2,053 shares on March 17 at an average $117.19, reducing his holding by 14.46%; insiders now own 0.16% of Target.
• Wall Street has a consensus "Hold" on Target with an average price target of $117.39 (below the recent $129.07 open); the company reported Q4 EPS of $2.44 (beat) and pays a $1.14 quarterly dividend (3.5% yield).

Mattern Capital Management LLC lifted its position in Target Corporation (NYSE:TGT - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,426 shares of the retailer's stock after purchasing an additional 8,553 shares during the period. Mattern Capital Management LLC's holdings in Target were worth $8,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TGT. WFA of San Diego LLC acquired a new position in shares of Target in the 2nd quarter valued at $25,000. Global Wealth Strategies & Associates lifted its stake in shares of Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer's stock valued at $29,000 after purchasing an additional 192 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of Target in the 4th quarter valued at $30,000. Tripletail Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at $31,000. Finally, Key Financial Inc lifted its stake in shares of Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer's stock valued at $31,000 after purchasing an additional 151 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer owned 12,143 shares of the company's stock, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TGT has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of Target from $91.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, March 4th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $130.00 target price on shares of Target in a research note on Wednesday, March 4th. Barclays boosted their price target on shares of Target from $91.00 to $108.00 and gave the stock an "underweight" rating in a report on Wednesday, March 4th. Wells Fargo & Company boosted their price target on shares of Target from $115.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Finally, Wolfe Research raised shares of Target from an "underperform" rating to a "peer perform" rating in a report on Tuesday, January 27th. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $117.39.

Target Price Performance

Shares of NYSE TGT opened at $129.07 on Friday. The firm has a market cap of $58.45 billion, a PE ratio of 15.88, a PEG ratio of 5.43 and a beta of 1.03. The firm has a fifty day moving average of $119.53 and a 200 day moving average of $105.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.36 and a current ratio of 0.94. Target Corporation has a one year low of $83.44 and a one year high of $133.10.

Target (NYSE:TGT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.16 by $0.28. The company had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a net margin of 3.54% and a return on equity of 22.25%. The firm's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.41 EPS. 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, research analysts predict that Target Corporation will post 8.02 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 issued a dividend of $1.14 per share. 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 dividend payout ratio is presently 56.09%.

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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