MUFG Securities EMEA plc Has $1.82 Million Stake in Target Corporation $TGT

MUFG Securities EMEA plc grew its position in Target Corporation (NYSE:TGT) by 114.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 18,648 shares of the retailer’s stock after buying an additional 9,951 shares during the quarter. MUFG Securities EMEA plc’s holdings in Target were worth $1,823,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TGT. Vanguard Group Inc. raised its position in Target by 12.6% in the 3rd quarter. Vanguard Group Inc. now owns 57,925,898 shares of the retailer’s stock valued at $5,195,953,000 after buying an additional 6,481,560 shares during the last quarter. Norges Bank bought a new position in shares of Target during the 4th quarter worth approximately $587,903,000. State Street Corp grew its stake in shares of Target by 2.5% during the 3rd quarter. State Street Corp now owns 37,648,065 shares of the retailer’s stock worth $3,377,031,000 after acquiring an additional 911,964 shares in the last quarter. Amundi raised its holdings in shares of Target by 38.6% in the third quarter. Amundi now owns 1,913,883 shares of the retailer’s stock valued at $170,278,000 after purchasing an additional 533,416 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Target by 17.1% in the second quarter. Ameriprise Financial Inc. now owns 3,162,050 shares of the retailer’s stock valued at $311,911,000 after purchasing an additional 461,495 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TGT has been the subject of several recent research reports. Roth Mkm restated a “neutral” rating and set a $114.00 target price on shares of Target in a report on Friday, May 22nd. Piper Sandler boosted their price target on shares of Target from $121.00 to $127.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Royal Bank Of Canada increased their price objective on shares of Target from $132.00 to $153.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Truist Financial raised their price objective on Target from $123.00 to $130.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Target in a research report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Target presently has a consensus rating of “Hold” and an average price target of $125.93.

Target Stock Down 2.6%

Shares of TGT stock opened at $123.83 on Tuesday. Target Corporation has a 52-week low of $83.44 and a 52-week high of $133.10. The stock has a market cap of $56.24 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.48 and a beta of 1.00. The firm’s 50-day moving average is $123.74 and its 200-day moving average is $111.24. 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 (NYSE:TGT) last posted its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.24. The business had revenue of $25.44 billion during the quarter, compared to analysts’ expectations of $24.66 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.Target’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $1.30 earnings per share. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Sell-side analysts predict that Target Corporation will post 8.35 EPS for the current year.

Target Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th were paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, May 13th. Target’s payout ratio is currently 60.24%.

Insider Buying and Selling

In related news, CAO Matthew A. Liegel sold 2,053 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total transaction of $240,591.07. Following the transaction, the chief accounting officer directly owned 12,143 shares of the company’s stock, valued at approximately $1,423,038.17. The trade was a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $125.89, for a total value of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares in the company, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.13% of the stock is currently owned by insiders.

Target 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.