First Growth Capital LLC Makes New Investment in Target Corporation $TGT

19 Jun 2026, 08:24 by Danessa Lincoln · The Markets Daily

First Growth Capital LLC purchased a new position in Target Corporation (NYSE:TGT – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,091 shares of the retailer’s stock, valued at approximately $791,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Target by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock worth $5,690,262,000 after purchasing an additional 286,499 shares in the last quarter. State Street Corp increased its position in shares of Target by 0.3% during the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock valued at $3,692,265,000 after purchasing an additional 124,468 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Target by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock valued at $1,668,194,000 after buying an additional 561,898 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Target by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after buying an additional 142,937 shares in the last quarter. Finally, Norges Bank bought a new stake in Target in the 4th quarter worth approximately $587,903,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Wall Street Analysts Forecast Growth

TGT has been the subject of several research reports. BNP Paribas Exane upped their target price on Target from $63.00 to $88.00 and gave the stock an “underperform” rating in a research note on Wednesday, March 4th. Robert W. Baird lifted their price target on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, May 21st. Sanford C. Bernstein restated a “market perform” rating on shares of Target in a report on Monday. Piper Sandler reaffirmed a “neutral” rating on shares of Target in a research note on Friday, June 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a report on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $126.11.

View Our Latest Stock Report on Target

Insider Transactions at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Target Trading Up 2.4%

Shares of TGT opened at $130.82 on Friday. The stock has a market capitalization of $59.42 billion, a P/E ratio of 17.28, a PEG ratio of 2.50 and a beta of 1.00. Target Corporation has a twelve month low of $83.44 and a twelve month high of $137.87. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $126.27 and a two-hundred day simple moving average of $114.88.

Target (NYSE:TGT – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.24. The firm had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. Target had a net margin of 3.24% and a return on equity of 22.92%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. On average, research analysts anticipate that Target Corporation will post 8.35 EPS for the current year.

Target Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This is a boost from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a dividend yield of 3.5%. Target’s payout ratio is 60.24%.

About Target

(Free Report)

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.