Teacher Retirement System of Texas Purchases 23,476 Shares of Target Corporation $TGT

Key Points

• Teacher Retirement System of Texas raised its Target stake by 23.8%, buying 23,476 shares to own 122,279 shares valued at about $11.95 million per its latest 13F filing.
• Target insiders own only about 0.16% of the stock after CAO Matthew A. Liegel sold 2,053 shares (now holding 12,143 shares), while institutional investors hold roughly 79.73%.
• Analyst views are mixed: several firms recently raised price targets (e.g., Wells Fargo, UBS, DA Davidson), but the consensus rating is a Hold with an average target of $117.39; Target also pays a $1.14 quarterly dividend (≈3.5% yield).

Teacher Retirement System of Texas grew its position in shares of Target Corporation (NYSE:TGT - Free Report) by 23.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,279 shares of the retailer's stock after buying an additional 23,476 shares during the quarter. Teacher Retirement System of Texas' holdings in Target were worth $11,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TGT. Brighton Jones LLC grew 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 buying an additional 3,059 shares during the last quarter. Woodline Partners LP grew its stake in Target by 39.9% during the first quarter. Woodline Partners LP now owns 38,712 shares of the retailer's stock worth $4,040,000 after buying an additional 11,047 shares during the last quarter. NewEdge Advisors LLC grew its stake in Target by 22.8% during the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer's stock worth $6,872,000 after buying an additional 12,948 shares during the last quarter. Sei Investments Co. grew its stake in Target by 8.0% during the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer's stock worth $18,832,000 after buying an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer's stock worth $26,910,000 after buying an additional 27,063 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares in the company, valued at $1,423,038.17. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TGT has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of Target from $115.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 27th. Truist Financial upped their price objective on shares of Target from $90.00 to $121.00 and gave the stock a "hold" rating in a research note on Tuesday, March 3rd. UBS Group upped their price objective on shares of Target from $130.00 to $144.00 and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Citigroup upped their target price on shares of Target from $110.00 to $117.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 4th. Finally, DA Davidson upped their target price on shares of Target from $120.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $117.39.

Target Price Performance

Shares of TGT stock opened at $129.07 on Friday. Target Corporation has a 1 year low of $83.44 and a 1 year high of $133.10. The firm's 50 day moving average is $119.53 and its 200-day moving average is $105.31. The firm has a market capitalization of $58.45 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 5.43 and a beta of 1.03. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89.

Target (NYSE:TGT - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $30.52 billion. During the same period in the prior year, the business earned $2.41 earnings per share. Target's quarterly revenue was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts forecast that Target Corporation will post 8.02 EPS for the current fiscal year.

Target Dividend Announcement

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

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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