PensionDanmark Pensionsforsikringsaktieselskab Has $7.46 Million Stake in Target Corporation $TGT

PensionDanmark Pensionsforsikringsaktieselskab grew its position in Target Corporation (NYSE:TGT) by 42.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,146 shares of the retailer’s stock after purchasing an additional 17,005 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Target were worth $7,464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in shares of Target by 65.5% during the second quarter. Assenagon Asset Management S.A. now owns 68,394 shares of the retailer’s stock worth $8,933,000 after buying an additional 27,067 shares in the last quarter. Bill Few Associates Inc. raised its position in Target by 18.3% in the 2nd quarter. Bill Few Associates Inc. now owns 2,668 shares of the retailer’s stock valued at $348,000 after buying an additional 412 shares during the last quarter. Foster Group Inc. bought a new stake in Target in the 2nd quarter valued at approximately $215,000. DMKC Advisory Services LLC lifted its stake in Target by 15.2% in the 2nd quarter. DMKC Advisory Services LLC now owns 27,674 shares of the retailer’s stock valued at $3,614,000 after acquiring an additional 3,644 shares in the last quarter. Finally, Balefire LLC boosted its position in Target by 9.4% during the 2nd quarter. Balefire LLC now owns 2,077 shares of the retailer’s stock worth $271,000 after acquiring an additional 179 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Stock Performance

Shares of NYSE TGT opened at $149.50 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $67.90 billion, a P/E ratio of 19.75, a P/E/G ratio of 2.94 and a beta of 0.97. Target Corporation has a 12 month low of $83.44 and a 12 month high of $150.07. The stock has a 50 day moving average of $135.01 and a 200-day moving average of $124.54.

Target (NYSE:TGT) last posted 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 return on equity of 22.92% and a net margin of 3.24%.The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the prior year, the business earned $1.30 EPS. The firm’s revenue for the quarter 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 8.32 EPS for the current year.

Target Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a dividend of $1.16 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s dividend payout ratio is 60.24%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TGT. Guggenheim raised their price target on shares of Target from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Roth Capital reissued a “neutral” rating and issued a $114.00 price objective on shares of Target in a research report on Friday, May 22nd. Robert W. Baird increased their target price on shares of Target from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Citigroup raised their target price on shares of Target from $133.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Freedom Capital lowered shares of Target from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $136.89.

Insider Activity at Target

In related news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction dated 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 completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. The trade was a 17.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.