Swiss National Bank Has $161.06 Million Holdings in Target Corporation $TGT

Swiss National Bank grew its position in shares of Target Corporation (NYSE:TGT) by 6.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,328,900 shares of the retailer’s stock after acquiring an additional 83,700 shares during the quarter. Swiss National Bank’s holdings in Target were worth $161,063,000 as of its most recent filing with the Securities & Exchange Commission.

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

Target Stock Performance

NYSE TGT opened at $139.93 on Monday. The company has a fifty day moving average price of $129.35 and a 200-day moving average price of $120.58. The firm has a market cap of $63.55 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.93 and a quick ratio of 0.30. Target Corporation has a 1 year low of $83.44 and a 1 year high of $144.40.

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

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 annualized dividend and a yield of 3.3%. Target’s dividend payout ratio (DPR) is 60.24%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TGT. Freedom Capital cut shares of Target from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $123.00 target price on shares of Target in a report on Friday, May 15th. Citigroup raised their price target on shares of Target from $117.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Target in a research note on Thursday, June 11th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Target in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Target has an average rating of “Hold” and a consensus target price of $131.96.

Insider Activity at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction that occurred on Friday, May 29th. The shares were 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 of the company’s stock, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.