281,020 Shares in Target Corporation $TGT Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Target Corporation (NYSE:TGT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 281,020 shares of the retailer’s stock, valued at approximately $27,470,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 0.06% of Target as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TGT. WFA of San Diego LLC bought a new position in Target in the 2nd quarter worth $25,000. Global Wealth Strategies & Associates raised its holdings in Target by 192.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after purchasing an additional 192 shares during the period. Eagle Bay Advisors LLC bought a new position in Target in the 4th quarter worth $30,000. Key Financial Inc raised its holdings in Target by 77.4% in the 3rd quarter. Key Financial Inc now owns 346 shares of the retailer’s stock worth $31,000 after purchasing an additional 151 shares during the period. Finally, True Wealth Design LLC raised its holdings in Target by 168.9% in the 4th quarter. True Wealth Design LLC now owns 355 shares of the retailer’s stock worth $35,000 after purchasing an additional 223 shares during the period. 79.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TGT. Mizuho set a $120.00 price target on Target in a report on Thursday, March 5th. Argus set a $150.00 price target on Target in a report on Friday, May 22nd. Robert W. Baird raised their price target on Target from $125.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. DA Davidson raised their price target on Target from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Morgan Stanley raised their price target on Target from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, March 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $125.93.

Insider Buying and Selling

In related news, CAO Matthew A. Liegel sold 2,053 shares of Target stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Target Trading Up 0.2%

Shares of Target stock opened at $128.59 on Friday. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 2.51 and a beta of 1.01. The business has a 50-day moving average price of $123.31 and a 200-day moving average price of $110.76. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. Target Corporation has a twelve month low of $83.44 and a twelve month high of $133.10.

Target (NYSE:TGT) last released its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping the consensus estimate of $1.47 by $0.24. The company had revenue of $25.44 billion during the quarter, compared to analyst estimates of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities research analysts anticipate that Target Corporation will post 8.35 EPS for the current fiscal year.

Target Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be given a $1.14 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $4.56 annualized dividend and a yield of 3.5%. Target’s dividend payout ratio (DPR) is currently 60.24%.

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.