International Assets Investment Management LLC Sells 4,284 Shares of Target Corporation $TGT

International Assets Investment Management LLC decreased its stake in shares of Target Corporation (NYSE:TGT) by 19.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,246 shares of the retailer’s stock after selling 4,284 shares during the quarter. International Assets Investment Management LLC’s holdings in Target were worth $2,198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TGT. Norges Bank acquired a new position in Target during the fourth quarter worth $587,903,000. TOMS Capital Investment Management LP acquired a new stake in Target in the fourth quarter valued at $257,571,000. AQR Capital Management LLC grew its position in shares of Target by 243.8% in the 4th quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock valued at $280,563,000 after acquiring an additional 2,035,298 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Target by 6,639.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock worth $186,992,000 after purchasing an additional 1,884,577 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Target by 104.7% during the 4th quarter. Marshall Wace LLP now owns 65,505 shares of the retailer’s stock worth $6,403,000 after purchasing an additional 1,448,146 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $123.00 target price on shares of Target in a research note on Friday, May 15th. Royal Bank Of Canada boosted their price target on Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Wolfe Research upgraded Target from a “peer perform” rating to an “outperform” rating and set a $162.00 price objective on the stock in a research note on Tuesday, June 23rd. Roth Capital reaffirmed a “neutral” rating and issued a $114.00 price objective on shares of Target in a research report on Friday, May 22nd. Finally, Wells Fargo & Company lifted their target price on Target from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Twelve research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $130.64.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total value of $1,258,900.00. Following the transaction, the insider directly owned 45,930 shares of the company’s stock, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Target Stock Down 0.1%

Shares of TGT opened at $134.94 on Monday. The firm has a market cap of $61.29 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 2.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93. Target Corporation has a 52 week low of $83.44 and a 52 week high of $142.82. The firm’s 50-day simple moving average is $128.40 and its 200 day simple moving average is $119.16.

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

Target Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, August 12th. This is an increase from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is 61.29%.

Target Company 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.