Raiffeisen Bank International AG Buys 5,129 Shares of Target Corporation $TGT

Raiffeisen Bank International AG raised its stake in shares of Target Corporation (NYSE:TGT) by 43.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 17,065 shares of the retailer’s stock after purchasing an additional 5,129 shares during the quarter. Raiffeisen Bank International AG’s holdings in Target were worth $2,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in Target by 101.3% in the 4th quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares during the last quarter. Woodline Partners LP raised its holdings in Target by 39.9% in the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after acquiring an additional 11,047 shares during the period. NewEdge Advisors LLC lifted its position in Target by 22.8% during the 2nd quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock worth $6,872,000 after acquiring an additional 12,948 shares during the last quarter. Sei Investments Co. lifted its position in Target by 8.0% during the 2nd quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock worth $18,832,000 after acquiring an additional 14,195 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Target by 11.0% during the second quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after acquiring an additional 27,063 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TGT. Wall Street Zen raised Target from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Mizuho set a $150.00 target price on Target in a research note on Thursday, August 20th. Weiss Ratings upgraded Target from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research downgraded Target from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. upped their price target on Target from $129.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $159.52.

Target Stock Up 0.1%

Shares of TGT opened at $164.15 on Friday. The company has a 50-day simple moving average of $146.84 and a 200-day simple moving average of $131.57. The firm has a market capitalization of $74.57 billion, a P/E ratio of 17.05, a P/E/G ratio of 3.05 and a beta of 0.99. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.36 and a current ratio of 0.99. Target Corporation has a 52 week low of $83.44 and a 52 week high of $170.75.

Target (NYSE:TGT) last released its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The business had revenue of $26.54 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period last year, the business earned $2.05 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities research analysts expect that Target Corporation will post 8.85 earnings per share for the current year.

Target Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, August 12th. This is a boost from Target’s previous quarterly dividend of $1.14. Target’s payout ratio is 48.18%.

Insider Activity at Target

In other news, insider Melissa Kremer sold 15,500 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the sale, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. The trade was a 21.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Matthew Liegel sold 926 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares of the company’s stock, valued at $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by company insiders.

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.