Target Corporation $TGT Stock Position Lowered by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial trimmed its Target stake by 5.0% in Q3, selling 159,671 shares and ending the period with 3,002,379 shares (about 0.66% of the company) valued at ~$269.3 million.
• Several large institutions moved the other way: Vanguard added 6.48 million shares to hold 57.9 million shares (~$5.2B) and Norges Bank initiated a ~ $578 million position, leaving institutional ownership around 79.7%.
• Target beat EPS last quarter ($2.44 vs. $2.16) while revenue was slightly down, provided FY 2026 EPS guidance of $7.50–$8.50, and announced a $1.14 quarterly dividend (3.9% yield; ex-dividend May 13).

Ameriprise Financial Inc. decreased its position in Target Corporation (NYSE:TGT - Free Report) by 5.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,002,379 shares of the retailer's stock after selling 159,671 shares during the period. Ameriprise Financial Inc. owned about 0.66% of Target worth $269,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Vanguard Group Inc. lifted its stake in Target by 12.6% in the 3rd 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 grew its stake in Target by 4.3% during the 2nd quarter. State Street Corp now owns 36,736,101 shares of the retailer's stock valued at $3,624,016,000 after acquiring an additional 1,529,026 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Target by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,247,590 shares of the retailer's stock valued at $1,602,825,000 after acquiring an additional 277,176 shares in the last quarter. Norges Bank acquired a new position in shares of Target in the 2nd quarter valued at about $578,009,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Target by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,051,151 shares of the retailer's stock worth $453,050,000 after purchasing an additional 122,300 shares in the last quarter. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Price Performance

Shares of TGT opened at $117.11 on Tuesday. 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 firm has a market cap of $53.03 billion, a PE ratio of 14.40, a PEG ratio of 5.02 and a beta of 1.12. The firm's 50 day moving average price is $112.33 and its 200 day moving average price is $99.15. Target Corporation has a twelve month low of $83.44 and a twelve month high of $126.00.

Target (NYSE:TGT - Get Free Report) last posted its 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. Target had a net margin of 3.54% and a return on equity of 22.25%. The company had revenue of $30.45 billion during the quarter, compared to the consensus estimate of $30.52 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. The company'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, research analysts expect that Target Corporation will post 8.69 EPS for the current fiscal year.

Target Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, May 13th. Target's dividend payout ratio (DPR) is 56.09%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays raised 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. Piper Sandler upped their price objective on shares of Target from $102.00 to $119.00 and gave the company a "neutral" rating in a research note on Wednesday, March 4th. Roth Mkm set a $88.00 target price on shares of Target in a research note on Thursday, November 20th. Robert W. Baird lowered their price target on shares of Target from $100.00 to $92.00 and set a "neutral" rating on the stock in a report on Thursday, November 20th. Finally, Oppenheimer upped their price target on shares of Target from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $116.45.

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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